Alliancebernstein L.P. Grows Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Alliancebernstein L.P. increased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,943 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of Atmus Filtration Technologies worth $3,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at $32,000. Nisa Investment Advisors LLC grew its holdings in shares of Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth about $104,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $33.75 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 firm has a market cap of $2.79 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. The firm’s fifty day moving average price is $37.45 and its 200 day moving average price is $39.55. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43.

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

Atmus Filtration Technologies Announces Dividend

The firm 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 was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

Analyst Upgrades and Downgrades

ATMU has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their price target on shares of Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Robert W. Baird reduced their target price 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. One research 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 company has a consensus rating of “Moderate Buy” and an average target price of $41.20.

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.