Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 193.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 20,510 shares of the company’s stock after buying an additional 13,532 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Atmus Filtration Technologies were worth $804,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Hussman Strategic Advisors Inc. acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter worth $1,234,000. Ieq Capital LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter worth $242,000. Convergence Investment Partners LLC grew its holdings in shares of Atmus Filtration Technologies by 18.2% in the 4th quarter. Convergence Investment Partners LLC now owns 30,621 shares of the company’s stock worth $1,200,000 after acquiring an additional 4,719 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Atmus Filtration Technologies by 2.1% in the 4th quarter. Rhumbline Advisers now owns 115,176 shares of the company’s stock worth $4,513,000 after acquiring an additional 2,375 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of Atmus Filtration Technologies by 403.3% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 75,500 shares of the company’s stock worth $2,958,000 after acquiring an additional 60,500 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ATMU has been the topic of a number of recent research reports. Northland Securities lifted their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird decreased their target price 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. Finally, Wells Fargo & Company decreased their target price 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $39.90 on Friday. The stock has a market cap of $3.31 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 3.99 and a beta of 1.80. The business has a fifty day simple moving average of $40.30 and a 200-day simple moving average of $39.17. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 12 month low of $22.81 and a 12 month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $406.70 million during the quarter, compared to analysts’ expectations of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. 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.