Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,017 shares of the company’s stock after purchasing an additional 869 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Atmus Filtration Technologies were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ATMU. JPMorgan Chase & Co. boosted its position in shares of Atmus Filtration Technologies by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after purchasing an additional 21,687 shares during the period. Norges Bank purchased a new stake in Atmus Filtration Technologies in the fourth quarter valued at approximately $8,839,000. Assenagon Asset Management S.A. purchased a new stake in Atmus Filtration Technologies in the fourth quarter valued at approximately $14,877,000. Geode Capital Management LLC boosted its holdings in shares of Atmus Filtration Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock valued at $71,123,000 after acquiring an additional 39,710 shares during the period. Finally, Tidal Investments LLC purchased a new position in shares of Atmus Filtration Technologies during the third quarter worth approximately $552,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $33.49 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. The firm’s fifty day moving average price is $37.75 and its 200 day moving average price is $39.59. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. On average, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Wall Street Analyst Weigh In

Several research firms recently commented on ATMU. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Wells Fargo & Company reduced 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 report on Monday, February 24th. Finally, Robert W. Baird lowered their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies 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.