Vest Financial LLC Takes $767,000 Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Vest Financial LLC bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,879 shares of the company’s stock, valued at approximately $767,000.

Several other institutional investors also recently made changes to their positions in the stock. Eminence Capital LP grew its holdings in shares of Atmus Filtration Technologies by 79.0% during the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock valued at $179,939,000 after purchasing an additional 2,027,617 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Atmus Filtration Technologies by 5.5% during the fourth 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 during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Atmus Filtration Technologies by 44.0% during the fourth 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 shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $63,949,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Atmus Filtration Technologies by 3.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,306,748 shares of the company’s stock valued at $51,198,000 after purchasing an additional 40,100 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ATMU shares. Wells Fargo & Company boosted their price objective on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group downgraded Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research report on Tuesday, May 27th. JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Robert W. Baird reduced their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.40.

Atmus Filtration Technologies Trading Up 1.0%

NYSE ATMU opened at $36.38 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $3.01 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 3.99 and a beta of 1.71. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43. The firm’s fifty day simple moving average is $35.44 and its 200-day simple moving average is $38.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $424.03 million. During the same period in the prior year, the company earned $0.60 earnings per share. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, June 3rd. 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.