Sapience Investments LLC Has $2.41 Million Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Sapience Investments LLC increased its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,440 shares of the company's stock after purchasing an additional 11,898 shares during the quarter. Sapience Investments LLC owned approximately 0.07% of Atmus Filtration Technologies worth $2,407,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its stake in Atmus Filtration Technologies by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 23,599 shares of the company's stock worth $925,000 after acquiring an additional 7,764 shares during the last quarter. NorthRock Partners LLC acquired a new stake in Atmus Filtration Technologies in the fourth quarter worth $390,000. Marathon Partners Equity Management LLC bought a new position in shares of Atmus Filtration Technologies during the fourth quarter worth $5,681,000. Millennium Management LLC grew its holdings in shares of Atmus Filtration Technologies by 91.1% in the 4th quarter. Millennium Management LLC now owns 186,912 shares of the company's stock valued at $7,323,000 after buying an additional 89,107 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Atmus Filtration Technologies by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,698 shares of the company's stock valued at $1,869,000 after buying an additional 1,818 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on ATMU shares. JPMorgan Chase & Co. increased their target price 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. 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. Finally, Wells Fargo & Company boosted their price target on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock traded down $0.79 during trading on Thursday, hitting $36.92. 125,530 shares of the stock were exchanged, compared to its average volume of 893,052. 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 company has a fifty day moving average price of $35.76 and a 200-day moving average price of $38.94. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $424.03 million. During the same period last year, the firm posted $0.60 earnings per share. The business's revenue was down 2.3% on a year-over-year basis. As a group, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. Atmus Filtration Technologies's payout ratio is presently 9.05%.

Atmus Filtration Technologies Company 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.