Invesco Ltd. Acquires 1,038,541 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Invesco Ltd. boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 806.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,167,382 shares of the company’s stock after acquiring an additional 1,038,541 shares during the period. Invesco Ltd. owned 1.40% of Atmus Filtration Technologies worth $45,738,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth about $26,000. New Age Alpha Advisors LLC bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $32,000. Nisa Investment Advisors LLC boosted its holdings 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 during the period. Daiwa Securities Group Inc. increased its stake 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 worth $104,000 after purchasing an additional 800 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $104,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ATMU. 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 cut their price objective 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. lowered their target price on shares of Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.20.

Atmus Filtration Technologies Trading Down 0.5 %

ATMU opened at $33.62 on Wednesday. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 3.99 and a beta of 1.78. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The company has a 50-day simple moving average of $37.31 and a 200 day simple moving average of $39.51.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.59%. 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.