182,154 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 182,154 shares of the company's stock, valued at approximately $7,137,000. Susquehanna Fundamental Investments LLC owned about 0.22% of Atmus Filtration Technologies at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $26,000. New Age Alpha Advisors LLC purchased a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth $32,000. Nisa Investment Advisors LLC lifted its position in Atmus Filtration Technologies by 333.1% during the fourth 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 in the last quarter. 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. Finally, Daiwa Securities Group Inc. increased its position in Atmus Filtration Technologies by 43.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock worth $104,000 after buying an additional 800 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Trading Up 2.3 %

Shares of NYSE:ATMU traded up $0.82 during trading hours on Friday, hitting $36.08. 638,998 shares of the company's stock traded hands, compared to its average volume of 951,053. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The business has a fifty day moving average price of $35.88 and a 200-day moving average price of $39.13. Atmus Filtration Technologies Inc. has a 1 year low of $27.62 and a 1 year high of $45.43. The firm has a market capitalization of $2.98 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results 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 net margin of 11.12% and a return on equity of 120.81%. The firm had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The business's revenue 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 year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.55%. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 9.05%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird cut their price objective 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. JPMorgan Chase & Co. dropped their price objective on shares of Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company reduced their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th.

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.