NEOS Investment Management LLC Acquires Shares of 113,332 Atmus Filtration Technologies Inc. (NYSE:ATMU)

NEOS Investment Management LLC acquired a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 113,332 shares of the company’s stock, valued at approximately $4,440,000. NEOS Investment Management LLC owned approximately 0.14% of Atmus Filtration Technologies as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ATMU. Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies during the 4th quarter valued at $26,000. Nisa Investment Advisors LLC increased its position in shares of Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after acquiring an additional 876 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after acquiring an additional 800 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth about $104,000. Finally, KBC Group NV lifted its position in Atmus Filtration Technologies by 67.9% in the 4th quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after acquiring an additional 1,646 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $38.11 on Friday. The stock has a 50 day moving average of $39.54 and a 200 day moving average of $39.66. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. 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, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. As a group, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is 9.05%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Robert W. Baird lowered their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Wells Fargo & Company lowered their price target on 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies 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.