Hussman Strategic Advisors Inc. Makes New Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Hussman Strategic Advisors Inc. bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, HoldingsChannel.com reports. The firm bought 31,500 shares of the company’s stock, valued at approximately $1,234,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $26,000. Nisa Investment Advisors LLC lifted its holdings in shares of Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after acquiring an additional 876 shares during the period. KBC Group NV lifted its holdings in shares of Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after acquiring an additional 718 shares during the period. Ieq Capital LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $242,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $246,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Northland Securities upped their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $43.80.

Atmus Filtration Technologies Stock Down 1.3 %

Atmus Filtration Technologies stock opened at $39.17 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The firm’s fifty day moving average price is $40.41 and its two-hundred day moving average price is $38.87. Atmus Filtration Technologies Inc. has a 1-year low of $22.30 and a 1-year high of $45.43. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 4.19 and a beta of 1.80.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is 9.30%.

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.