Daiwa Securities Group Inc. Raises Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Daiwa Securities Group Inc. grew its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 43.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,660 shares of the company’s stock after buying an additional 800 shares during the period. Daiwa Securities Group Inc.’s holdings in Atmus Filtration Technologies were worth $104,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies in the 4th quarter valued at about $26,000. Nisa Investment Advisors LLC grew 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 holdings in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares during the period. Ieq Capital LLC purchased a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $242,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of Atmus Filtration Technologies during the third quarter worth $246,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Ratings Changes

ATMU has been the topic of several recent research reports. Wells Fargo & Company dropped their price objective 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. Robert W. Baird dropped their price target on shares of 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Atmus Filtration Technologies Trading Up 0.6 %

NYSE:ATMU opened at $37.00 on Tuesday. The stock has a market capitalization of $3.07 billion, a price-to-earnings 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 stock has a fifty day moving average price of $39.87 and a two-hundred day moving average price of $39.52. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 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.