Intech Investment Management LLC Has $1.73 Million Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Intech Investment Management LLC raised its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 99.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,210 shares of the company’s stock after purchasing an additional 22,073 shares during the period. Intech Investment Management LLC’s holdings in Atmus Filtration Technologies were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in ATMU. Geneos Wealth Management Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at about $26,000. Nisa Investment Advisors LLC boosted its holdings 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 in the last quarter. KBC Group NV grew its stake in shares of Atmus Filtration Technologies by 42.1% in the 3rd 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 period. Daiwa Securities Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after buying an additional 800 shares in the last quarter. Finally, Ieq Capital LLC bought a new position in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $242,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Ratings Changes

ATMU has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. Robert W. Baird dropped their target price on shares of 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, JPMorgan Chase & Co. reduced their price target on shares of Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average price target of $42.40.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $37.43 on Friday. The stock has a 50-day simple moving average of $39.76 and a 200 day simple moving average of $39.52. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.94, a P/E/G ratio of 3.99 and a beta of 1.83. 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 $27.62 and a 12-month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping 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 the consensus estimate of $399.24 million. On average, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. 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.