Victory Capital Management Inc. Raises Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Victory Capital Management Inc. increased its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 692,669 shares of the company's stock after acquiring an additional 17,896 shares during the period. Victory Capital Management Inc. owned about 0.84% of Atmus Filtration Technologies worth $25,442,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in Atmus Filtration Technologies during the fourth quarter valued at $32,000. Tower Research Capital LLC TRC grew its holdings in Atmus Filtration Technologies by 295.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after purchasing an additional 1,022 shares during the period. Quarry LP lifted its position in shares of Atmus Filtration Technologies by 70.9% during the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock worth $78,000 after acquiring an additional 827 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth $242,000. Finally, Xponance Inc. lifted its position in shares of Atmus Filtration Technologies by 5.6% during the first quarter. Xponance Inc. now owns 6,792 shares of the company's stock worth $249,000 after acquiring an additional 358 shares in the last quarter. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Stock Down 0.7%

ATMU stock opened at $37.41 on Tuesday. The firm's fifty day moving average is $36.92 and its 200 day moving average is $37.50. Atmus Filtration Technologies Inc. has a one year low of $29.07 and a one year high of $45.43. The firm has a market cap of $3.09 billion, a PE ratio of 16.93, a P/E/G ratio of 4.67 and a beta of 1.64. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.46 and a current ratio of 2.23.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.14% and a return on equity of 94.85%. The firm had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Atmus Filtration Technologies's revenue for the quarter was down 2.3% on a year-over-year basis. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.20 annualized dividend and a yield of 0.53%. Atmus Filtration Technologies's payout ratio is 9.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target on the stock. in a research report on Tuesday, May 27th. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

About Atmus Filtration Technologies

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.

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