Xponance Inc. Boosts Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Xponance Inc. raised its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,434 shares of the company’s stock after buying an additional 907 shares during the period. Xponance Inc.’s holdings in Atmus Filtration Technologies were worth $252,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at $26,000. Nisa Investment Advisors LLC raised 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. Daiwa Securities Group Inc. lifted its stake in shares of Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares in the last quarter. KBC Group NV lifted its stake in shares of Atmus Filtration Technologies by 67.9% during the fourth quarter. KBC Group NV now owns 4,070 shares of the company’s stock worth $159,000 after purchasing an additional 1,646 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth about $242,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ATMU shares. Wells Fargo & Company dropped 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. Robert W. Baird reduced their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $37.57 on Friday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 3.99 and a beta of 1.83. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The business’s 50 day moving average is $39.45 and its two-hundred day moving average is $39.69. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43.

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

Atmus Filtration Technologies Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.53%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.05%.

Atmus Filtration Technologies 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.