Sapience Investments LLC Acquires 11,898 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Sapience Investments LLC increased its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,440 shares of the company's stock after buying an additional 11,898 shares during the period. Sapience Investments LLC owned 0.07% of Atmus Filtration Technologies worth $2,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Eminence Capital LP grew its stake in shares of Atmus Filtration Technologies by 79.0% in the fourth 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 last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Atmus Filtration Technologies by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company's stock worth $167,003,000 after purchasing an additional 223,712 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Atmus Filtration Technologies by 44.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock valued at $74,879,000 after buying an additional 584,270 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at about $63,949,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Atmus Filtration Technologies by 3.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,306,748 shares of the company's stock valued at $51,198,000 after buying an additional 40,100 shares during the period. Institutional investors and hedge funds own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Robert W. Baird cut their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th.

Atmus Filtration Technologies Price Performance

NYSE:ATMU traded down $0.53 during trading hours on Wednesday, reaching $37.74. The company had a trading volume of 977,154 shares, compared to its average volume of 896,043. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The stock has a 50-day moving average of $35.74 and a two-hundred day moving average of $38.95. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The firm has a market capitalization of $3.12 billion, a PE ratio of 17.07, a PEG ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its 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. The business had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. Analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 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.