Peak6 LLC Makes New Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Peak6 LLC purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 4th quarter, HoldingsChannel reports. The fund purchased 78,932 shares of the company’s stock, valued at approximately $3,093,000.

A number of other institutional investors also recently modified their holdings of ATMU. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies during the 4th quarter valued at about $26,000. New Age Alpha Advisors LLC bought a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at approximately $32,000. Nisa Investment Advisors LLC boosted its position 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 acquiring an additional 876 shares during the period. Daiwa Securities Group Inc. grew its stake in Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $104,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. reduced their target price on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. 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.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $33.34 on Friday. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. 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 capitalization of $2.76 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.99 and a beta of 1.78. The company’s fifty day moving average price is $36.85 and its 200-day moving average price is $39.41.

Atmus Filtration Technologies (NYSE:ATMU) last released 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 for the quarter, compared to analysts’ expectations of $399.24 million. On average, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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