Caption Management LLC Purchases New Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Caption Management LLC acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,400 shares of the company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATMU. Geneos Wealth Management Inc. bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $26,000. New Age Alpha Advisors LLC acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at $32,000. Nisa Investment Advisors LLC raised its position in shares of Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after acquiring an additional 876 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Atmus Filtration Technologies by 295.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock valued at $54,000 after acquiring an additional 1,022 shares during the period. Finally, Quarry LP boosted its holdings in Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after acquiring an additional 827 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ATMU. Robert W. Baird reduced their target price 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. lifted their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday.

Atmus Filtration Technologies Trading Down 0.1 %

Shares of NYSE ATMU opened at $35.60 on Thursday. 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 cap of $2.94 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 3.99 and a beta of 1.81. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company’s fifty day moving average is $35.62 and its 200-day moving average is $39.03.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results 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. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same period in the prior year, the company earned $0.60 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is 9.05%.

Atmus Filtration Technologies Company 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.