Counterpoint Mutual Funds LLC Invests $388,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Counterpoint Mutual Funds LLC bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,893 shares of the company’s stock, valued at approximately $388,000.

A number of other hedge funds have also recently modified their holdings of ATMU. Cibc World Markets Corp acquired a new position in Atmus Filtration Technologies in the 4th quarter worth about $307,000. Swiss National Bank raised its holdings in Atmus Filtration Technologies by 0.7% in the 4th quarter. Swiss National Bank now owns 163,949 shares of the company’s stock worth $6,424,000 after purchasing an additional 1,200 shares during the period. Daiwa Securities Group Inc. raised its holdings in Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Atmus Filtration Technologies by 34.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,028 shares of the company’s stock worth $902,000 after purchasing an additional 5,851 shares during the period. Finally, AlphaQuest LLC acquired a new position in Atmus Filtration Technologies in the 4th quarter worth about $502,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $37.00 on Tuesday. The business has a 50 day simple moving average of $39.87 and a two-hundred day simple moving average of $39.52. Atmus Filtration Technologies Inc. has a 12 month low of $25.51 and a 12 month high of $45.43. The stock has a market capitalization of $3.07 billion, a P/E ratio of 16.74, a PEG ratio of 3.99 and a beta of 1.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating 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 analysts’ expectations of $399.24 million. As a group, analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.05%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wells Fargo & Company reduced their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Robert W. Baird reduced their price target on 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 equities 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, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.