7,842 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Acquired by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,842 shares of the company’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank boosted its holdings in Atmus Filtration Technologies by 0.7% during the fourth quarter. Swiss National Bank now owns 163,949 shares of the company’s stock worth $6,424,000 after buying an additional 1,200 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Atmus Filtration Technologies by 43.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after acquiring an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Atmus Filtration Technologies by 34.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,028 shares of the company’s stock valued at $902,000 after purchasing an additional 5,851 shares during the period. AlphaQuest LLC bought a new stake in Atmus Filtration Technologies in the fourth quarter valued at approximately $502,000. Finally, Raymond James Financial Inc. bought a new position in shares of Atmus Filtration Technologies during the fourth quarter worth $26,152,000. 32.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ATMU shares. Robert W. Baird decreased their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Wells Fargo & Company lowered their price target 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, JPMorgan Chase & Co. cut their price objective on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and an average target price of $42.40.

Atmus Filtration Technologies Stock Up 1.7 %

ATMU stock opened at $38.14 on Tuesday. 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 stock has a market capitalization of $3.18 billion, a P/E ratio of 17.26, a P/E/G ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The business has a 50-day moving average of $39.73 and a 200-day moving average of $39.65.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. Atmus Filtration Technologies’s dividend payout ratio is 9.05%.

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.