Deutsche Bank AG Has $5.09 Million Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Deutsche Bank AG boosted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 61.2% in the 4th quarter, HoldingsChannel reports. The firm owned 129,906 shares of the company’s stock after buying an additional 49,311 shares during the period. Deutsche Bank AG’s holdings in Atmus Filtration Technologies were worth $5,090,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATMU. Eminence Capital LP raised its stake in shares of Atmus Filtration Technologies by 79.0% in the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock valued at $179,939,000 after acquiring an additional 2,027,617 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Atmus Filtration Technologies by 5.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company’s stock valued at $167,003,000 after purchasing an additional 223,712 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Atmus Filtration Technologies by 44.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company’s stock valued at $74,879,000 after purchasing an additional 584,270 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Atmus Filtration Technologies in the 4th quarter valued at $63,949,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Atmus Filtration Technologies by 3.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,306,748 shares of the company’s stock worth $51,198,000 after purchasing an additional 40,100 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Down 1.1%

Shares of ATMU opened at $38.12 on Monday. The business’s fifty day moving average price is $35.68 and its two-hundred day moving average price is $38.96. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. 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 issued its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $110.50 million for the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. On average, analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given 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 yield of 0.52%. Atmus Filtration Technologies’s payout ratio is presently 9.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ATMU. JPMorgan Chase & Co. raised their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Wells Fargo & Company increased their price objective on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, Robert W. Baird dropped 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 research note on Monday, February 24th.

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.