Ieq Capital LLC Makes New Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Ieq Capital LLC purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,183 shares of the company’s stock, valued at approximately $242,000.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in Atmus Filtration Technologies during the 4th quarter valued at approximately $26,000. Nisa Investment Advisors LLC boosted 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 last quarter. KBC Group NV increased its position in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares during the period. Prospera Financial Services Inc bought a new position in Atmus Filtration Technologies during the third quarter worth $246,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Atmus Filtration Technologies in the third quarter valued at $262,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $39.90 on Friday. The business has a 50-day simple moving average of $40.30 and a 200 day simple moving average of $39.17. Atmus Filtration Technologies Inc. has a one year low of $22.81 and a one year high of $45.43. 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 firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 3.99 and a beta of 1.80.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. On average, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.05%.

Analyst Ratings Changes

A number of brokerages have weighed in on ATMU. Northland Securities increased their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company lowered their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.