Quadrature Capital Ltd Acquires New Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Quadrature Capital Ltd bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,033 shares of the company’s stock, valued at approximately $969,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Atmus Filtration Technologies by 366.5% during the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after buying an additional 6,348,391 shares during the last quarter. Caas Capital Management LP purchased a new position in Atmus Filtration Technologies during the 1st quarter valued at about $19,841,000. Wolf Hill Capital Management LP acquired a new position in Atmus Filtration Technologies during the first quarter worth about $16,125,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atmus Filtration Technologies by 99.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock valued at $31,387,000 after purchasing an additional 484,420 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Atmus Filtration Technologies by 249,350.6% in the first quarter. Russell Investments Group Ltd. now owns 424,066 shares of the company’s stock valued at $13,676,000 after purchasing an additional 423,896 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ATMU shares. Wells Fargo & Company reduced their target price on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. The Goldman Sachs Group upped their price objective on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Robert W. Baird dropped their price objective on Atmus Filtration Technologies from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $35.60.

Atmus Filtration Technologies Trading Up 3.6 %

NYSE:ATMU traded up $1.10 during mid-day trading on Friday, reaching $31.36. The company’s stock had a trading volume of 1,072,900 shares, compared to its average volume of 1,147,868. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.00 and a quick ratio of 1.27. The stock has a market cap of $2.61 billion, a P/E ratio of 16.00, a P/E/G ratio of 3.84 and a beta of 1.76. The company’s fifty day simple moving average is $29.34 and its two-hundred day simple moving average is $27.70. Atmus Filtration Technologies Inc. has a twelve month low of $18.21 and a twelve month high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $426.60 million during the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. Atmus Filtration Technologies’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%.

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.