Jag Capital Management LLC Buys 571 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Jag Capital Management LLC raised its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,653 shares of the company’s stock after purchasing an additional 571 shares during the quarter. Jag Capital Management LLC’s holdings in Atmus Filtration Technologies were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC lifted its position in Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares during the last quarter. KBC Group NV lifted its position in Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares during the last quarter. Ieq Capital LLC bought a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $242,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter worth approximately $246,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Trading Down 4.2 %

NYSE:ATMU opened at $38.13 on Tuesday. The company has a fifty day moving average of $40.28 and a 200 day moving average of $39.29. Atmus Filtration Technologies Inc. has a 52 week low of $22.81 and a 52 week high of $45.43. 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 firm has a market capitalization of $3.16 billion, a P/E ratio of 17.25, a P/E/G ratio of 3.99 and a beta of 1.80.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly 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 net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. On average, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Northland Securities boosted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company lowered their price objective 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. Finally, Robert W. Baird lowered their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.