BNP Paribas Financial Markets Invests $11.59 Million in Atmus Filtration Technologies Inc. (NYSE:ATMU)

BNP Paribas Financial Markets bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, Holdings Channel.com reports. The fund bought 295,756 shares of the company’s stock, valued at approximately $11,588,000.

Several other large investors have also recently added to or reduced their stakes in ATMU. Algert Global LLC increased its stake in shares of Atmus Filtration Technologies by 66.2% during the 4th quarter. Algert Global LLC now owns 268,493 shares of the company’s stock valued at $10,520,000 after acquiring an additional 106,980 shares during the last quarter. Freestone Grove Partners LP acquired a new position in Atmus Filtration Technologies during the fourth quarter worth approximately $278,000. Comerica Bank raised its stake in Atmus Filtration Technologies by 118.4% during the fourth quarter. Comerica Bank now owns 42,522 shares of the company’s stock worth $1,666,000 after purchasing an additional 23,052 shares during the period. Voleon Capital Management LP acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at $455,000. Finally, Northern Trust Corp grew its stake in shares of Atmus Filtration Technologies by 12.3% during the 4th quarter. Northern Trust Corp now owns 828,257 shares of the company’s stock valued at $32,451,000 after buying an additional 90,595 shares during the period. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on ATMU shares. Robert W. Baird reduced their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company raised their price target on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, May 5th.

Atmus Filtration Technologies Trading Down 0.4 %

NYSE:ATMU opened at $36.27 on Friday. The business’s 50-day moving average is $35.57 and its two-hundred day moving average is $39.00. The firm has a market capitalization of $3.00 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. 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 announced its earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. 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 company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 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.