DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires New Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 185,577 shares of the company’s stock, valued at approximately $7,271,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.22% of Atmus Filtration Technologies as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ATMU. LPL Financial LLC increased its holdings in Atmus Filtration Technologies by 3.3% during the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company’s stock worth $396,000 after purchasing an additional 326 shares during the period. Summit Investment Advisors Inc. increased its position in shares of Atmus Filtration Technologies by 3.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company’s stock valued at $343,000 after purchasing an additional 330 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Atmus Filtration Technologies by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 28,712 shares of the company’s stock valued at $1,125,000 after purchasing an additional 476 shares in the last quarter. Jag Capital Management LLC grew its stake in shares of Atmus Filtration Technologies by 8.1% during the fourth quarter. Jag Capital Management LLC now owns 7,653 shares of the company’s stock worth $300,000 after purchasing an additional 571 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $36.27 on Friday. The stock has a market cap of $3.00 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The stock has a 50 day moving average of $35.57 and a two-hundred day moving average of $39.00. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business had revenue of $110.50 million for the quarter, compared to analysts’ expectations of $424.03 million. During the same period in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

Analysts Set New Price Targets

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

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.