Boston Partners Boosts Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Boston Partners increased its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 745,235 shares of the company’s stock after buying an additional 11,819 shares during the period. Boston Partners owned 0.90% of Atmus Filtration Technologies worth $29,572,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Atmus Filtration Technologies by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after acquiring an additional 21,687 shares in the last quarter. Algert Global LLC lifted its position in Atmus Filtration Technologies by 516.7% in the 3rd quarter. Algert Global LLC now owns 161,513 shares of the company’s stock valued at $6,062,000 after acquiring an additional 135,325 shares in the last quarter. Atom Investors LP lifted its position in Atmus Filtration Technologies by 24.3% in the 3rd quarter. Atom Investors LP now owns 103,441 shares of the company’s stock valued at $3,882,000 after acquiring an additional 20,201 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Atmus Filtration Technologies by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company’s stock valued at $26,764,000 after acquiring an additional 39,114 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new position in Atmus Filtration Technologies in the 3rd quarter valued at approximately $21,635,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price objective on 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. Robert W. Baird lowered their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $38.76 on Thursday. The business’s fifty day moving average price is $39.82 and its 200-day moving average price is $39.52. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 17.54, a PEG 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 Inc. has a 1-year low of $25.51 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $406.70 million for the quarter, compared to analysts’ expectations of $399.24 million. On average, equities analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a $0.05 dividend. 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 0.52%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

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.