Charles Schwab Investment Management Inc. Boosts Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Charles Schwab Investment Management Inc. raised its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 753,495 shares of the company’s stock after acquiring an additional 40,352 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Atmus Filtration Technologies were worth $29,522,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ATMU. Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $26,000. Nisa Investment Advisors LLC lifted its position in Atmus Filtration Technologies by 333.1% in 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 during the period. KBC Group NV boosted its holdings in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares in the last quarter. Ieq Capital LLC acquired a new position in Atmus Filtration Technologies during the 4th quarter worth approximately $242,000. Finally, Prospera Financial Services Inc purchased a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $246,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $37.00 on Tuesday. The business has a 50 day moving average price of $39.87 and a 200 day moving average price of $39.52. The company has a market capitalization of $3.07 billion, a P/E ratio of 16.74, a PEG ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 1-year low of $25.51 and a 1-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.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is currently 9.05%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ATMU shares. Robert W. Baird decreased 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. Wells Fargo & Company lowered their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

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.