21,608 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Bought by Bryce Point Capital LLC

Bryce Point Capital LLC bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,608 shares of the company’s stock, valued at approximately $847,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ATMU. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies during the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter worth $32,000. Nisa Investment Advisors LLC increased its holdings in shares of Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after buying an additional 876 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake 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 valued at $104,000 after acquiring an additional 800 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at $104,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $37.92 on Thursday. The stock’s 50 day moving average is $39.12 and its 200 day moving average is $39.77. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The firm has a market cap of $3.16 billion, a P/E ratio of 17.16, a P/E/G ratio of 3.99 and a beta of 1.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) 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 firm had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend 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 currently 9.05%.

Analyst Upgrades and Downgrades

Several equities analysts have commented 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 cut their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.80.

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.