Vest Financial LLC Takes Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Vest Financial LLC purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,879 shares of the company's stock, valued at approximately $767,000.

Other hedge funds have also recently modified their holdings of the company. Eminence Capital LP lifted its position in Atmus Filtration Technologies by 79.0% during the 4th quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock worth $179,939,000 after acquiring an additional 2,027,617 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth about $63,949,000. Invesco Ltd. boosted its position in Atmus Filtration Technologies by 806.1% in the fourth quarter. Invesco Ltd. now owns 1,167,382 shares of the company's stock valued at $45,738,000 after buying an additional 1,038,541 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Atmus Filtration Technologies in the fourth quarter valued at approximately $26,152,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in Atmus Filtration Technologies by 44.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock worth $74,879,000 after buying an additional 584,270 shares during the period. Institutional investors and hedge funds own 32.73% of the company's stock.

Wall Street Analyst Weigh In

ATMU has been the subject of several research reports. The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a research note on Tuesday, May 27th. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Wells Fargo & Company lifted their price objective on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, Robert W. Baird decreased their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.40.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock traded down $0.10 during trading hours on Thursday, reaching $36.29. The stock had a trading volume of 346,234 shares, compared to its average volume of 869,303. The stock's 50 day moving average is $35.51 and its 200 day moving average is $38.31. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The firm has a market capitalization of $3.00 billion, a PE ratio of 16.42, a PEG ratio of 3.99 and a beta of 1.71.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. During the same quarter in the prior year, the business posted $0.60 earnings per share. Atmus Filtration Technologies's revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, June 3rd. Atmus Filtration Technologies's payout ratio is 9.05%.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies Inc designs, manufactures, and sells filtration products under the Fleetguard brand name in North America, Europe, South America, Asia, Australia, Africa, and internationally. The company offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, coolants, and fuel additives, as well as other chemicals; and fuel water separators and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.