2,652 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,652 shares of the company’s stock, valued at approximately $104,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Parsifal Capital Management LP grew its position in Atmus Filtration Technologies by 2.2% in the third quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock worth $102,130,000 after acquiring an additional 58,478 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Atmus Filtration Technologies by 1.7% during the third quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company’s stock valued at $94,476,000 after buying an additional 43,004 shares during the period. Geode Capital Management LLC boosted its position in shares of Atmus Filtration Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock valued at $71,123,000 after buying an additional 39,710 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Atmus Filtration Technologies by 27.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after buying an additional 272,890 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Atmus Filtration Technologies by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company’s stock valued at $29,522,000 after buying an additional 40,352 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ATMU shares. Robert W. Baird dropped 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. Wells Fargo & Company dropped 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. Finally, JPMorgan Chase & Co. dropped their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Atmus Filtration Technologies Stock Down 2.3 %

Shares of NYSE ATMU opened at $37.43 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 3.99 and a beta of 1.83. The stock has a 50 day moving average price of $39.76 and a 200 day moving average price of $39.57. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43.

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

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) 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.