Ieq Capital LLC Takes Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Ieq Capital LLC purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,183 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies during the 4th quarter worth $26,000. Nisa Investment Advisors LLC raised its holdings in shares of 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 last quarter. KBC Group NV lifted its position in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares in the last quarter. Prospera Financial Services Inc purchased a new position in Atmus Filtration Technologies during the third quarter worth about $246,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Atmus Filtration Technologies in the 3rd quarter worth about $262,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ATMU. Wells Fargo & Company cut their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Northland Securities boosted their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. 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 note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.00.

Atmus Filtration Technologies Trading Up 3.4 %

Shares of ATMU stock opened at $39.90 on Friday. 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 firm has a market cap of $3.31 billion, a P/E ratio of 18.05, a PEG ratio of 3.99 and a beta of 1.80. The company has a 50 day moving average of $40.30 and a 200-day moving average of $39.17. Atmus Filtration Technologies Inc. has a 12-month low of $22.81 and a 12-month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its 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 return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. Sell-side analysts anticipate 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 will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.05%.

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.