Atmus Filtration Technologies Inc. (NYSE:ATMU) Stake Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 126.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 386,156 shares of the company’s stock after buying an additional 215,720 shares during the quarter. Thrivent Financial for Lutherans owned 0.46% of Atmus Filtration Technologies worth $15,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $26,000. Nisa Investment Advisors LLC lifted its holdings in shares of Atmus Filtration Technologies by 333.1% in 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 boosted its position in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock valued at $104,000 after buying an additional 800 shares in the last quarter. Finally, Ieq Capital LLC acquired a new position in Atmus Filtration Technologies during the fourth quarter valued at $242,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ATMU. JPMorgan Chase & Co. lowered their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday. Robert W. Baird dropped their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, 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 for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $42.40.

Atmus Filtration Technologies Trading Down 2.3 %

Shares of NYSE ATMU opened at $37.43 on Friday. The business has a 50 day simple moving average of $39.76 and a 200 day simple moving average of $39.52. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. The stock has a market cap 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 company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

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

Atmus Filtration Technologies Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.53%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 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.