Cannon Global Investment Management LLC Buys Shares of 8,000 Atmus Filtration Technologies Inc. (NYSE:ATMU)

Cannon Global Investment Management LLC bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, HoldingsChannel reports. The fund bought 8,000 shares of the company’s stock, valued at approximately $313,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth about $26,000. Nisa Investment Advisors LLC boosted 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 period. Daiwa Securities Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 43.0% during the fourth 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. Harvest Fund Management Co. Ltd purchased a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $104,000. Finally, KBC Group NV increased its stake in Atmus Filtration Technologies by 67.9% in the 4th quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after buying an additional 1,646 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Down 2.3 %

Shares of NYSE:ATMU opened at $37.43 on Monday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The stock’s 50-day moving average is $39.76 and its 200-day moving average is $39.61. The company has a market cap of $3.10 billion, a P/E ratio of 16.94, a P/E/G ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $406.70 million during the quarter, compared to analysts’ expectations of $399.24 million. Equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 annualized dividend and a dividend yield of 0.53%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ATMU shares. Wells Fargo & Company decreased their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Finally, Robert W. Baird cut their price target 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

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.