Marathon Partners Equity Management LLC Makes New $5.68 Million Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Marathon Partners Equity Management LLC purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 145,000 shares of the company's stock, valued at approximately $5,681,000. Atmus Filtration Technologies comprises approximately 4.9% of Marathon Partners Equity Management LLC's holdings, making the stock its 7th largest position. Marathon Partners Equity Management LLC owned about 0.17% of Atmus Filtration Technologies as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ATMU. Geneos Wealth Management Inc. acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at about $26,000. New Age Alpha Advisors LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC lifted its stake in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after purchasing an additional 876 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Atmus Filtration Technologies by 295.4% in the 4th 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. Finally, Quarry LP lifted its stake in shares of Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after purchasing an additional 827 shares during the period. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Down 1.1%

ATMU stock traded down $0.43 during trading on Friday, reaching $38.12. 710,113 shares of the stock were exchanged, compared to its average volume of 899,365. The firm's 50 day moving average is $35.68 and its 200 day moving average is $38.96. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The firm has a market cap of $3.15 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share 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 business had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. During the same period in the prior year, the business earned $0.60 EPS. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted 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. JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Finally, Robert W. Baird dropped their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th.

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.