Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP lifted its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 128.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 287,073 shares of the company’s stock after acquiring an additional 161,363 shares during the period. Trexquant Investment LP’s holdings in Atmus Filtration Technologies were worth $11,248,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ATMU. JPMorgan Chase & Co. lifted its position in shares of Atmus Filtration Technologies by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock worth $10,737,000 after buying an additional 21,687 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Atmus Filtration Technologies by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company’s stock valued at $26,764,000 after acquiring an additional 39,114 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at $14,877,000. Geode Capital Management LLC grew its holdings in shares of Atmus Filtration Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock worth $71,123,000 after purchasing an additional 39,710 shares during the last quarter. Finally, Parsifal Capital Management LP increased its position in shares of Atmus Filtration Technologies by 2.2% during the third quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock worth $102,130,000 after purchasing an additional 58,478 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATMU. Robert W. Baird dropped their price target on 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. raised their target price on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. Finally, Wells Fargo & Company cut their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Up 1.9 %

Atmus Filtration Technologies stock opened at $37.92 on Thursday. The stock has a 50 day moving average of $39.12 and a two-hundred day moving average of $39.77. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 3.99 and a beta of 1.83. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share 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 the consensus estimate of $399.24 million. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is 9.05%.

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.