Invesco Ltd. Has $45.74 Million Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Invesco Ltd. lifted its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 806.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,167,382 shares of the company’s stock after buying an additional 1,038,541 shares during the period. Invesco Ltd.’s holdings in Atmus Filtration Technologies were worth $45,738,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ATMU. Raymond James Financial Inc. acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at about $26,152,000. Assenagon Asset Management S.A. acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $14,877,000. Arrowstreet Capital Limited Partnership boosted its position in Atmus Filtration Technologies by 2,022.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company’s stock worth $13,195,000 after buying an additional 320,917 shares during the period. Norges Bank bought a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $8,839,000. Finally, Bank of New York Mellon Corp increased its position in Atmus Filtration Technologies by 72.4% in the 4th quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company’s stock valued at $20,703,000 after acquiring an additional 221,853 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ATMU shares. Robert W. Baird reduced their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. reduced their price target on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company lowered their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. One investment 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, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $41.20.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $33.62 on Wednesday. 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 firm’s fifty day simple moving average is $37.31 and its two-hundred day simple moving average is $39.51. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. The stock has a market capitalization of $2.78 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating 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 company had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. As a group, analysts predict 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. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. Atmus Filtration Technologies’s dividend payout ratio is currently 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.