Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 27,511 shares of the company’s stock after acquiring an additional 511 shares during the quarter. Graham Capital Management L.P.’s holdings in Atmus Filtration Technologies were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Frontier Capital Management Co. LLC lifted its holdings in shares of Atmus Filtration Technologies by 69.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 352,526 shares of the company’s stock worth $13,812,000 after purchasing an additional 144,543 shares during the period. Deutsche Bank AG lifted its holdings in shares of Atmus Filtration Technologies by 61.2% during the fourth quarter. Deutsche Bank AG now owns 129,906 shares of the company’s stock worth $5,090,000 after purchasing an additional 49,311 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in shares of Atmus Filtration Technologies by 44.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company’s stock worth $74,879,000 after purchasing an additional 584,270 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth $7,271,000. Finally, Eminence Capital LP lifted its holdings in shares of Atmus Filtration Technologies by 79.0% during the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock worth $179,939,000 after purchasing an additional 2,027,617 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Robert W. Baird cut their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th.

Atmus Filtration Technologies Trading Up 1.8%

NYSE:ATMU opened at $38.82 on Wednesday. The stock has a fifty day moving average price of $35.63 and a two-hundred day moving average price of $38.98. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 3.99 and a beta of 1.81. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. 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 released its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Atmus Filtration Technologies’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, sell-side 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 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.