Voleon Capital Management LP Invests $455,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Voleon Capital Management LP bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 11,602 shares of the company’s stock, valued at approximately $455,000.

Other hedge funds have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. bought a new stake in Atmus Filtration Technologies in the 4th quarter worth approximately $63,949,000. Invesco Ltd. lifted its holdings in shares of Atmus Filtration Technologies by 806.1% in the 4th quarter. Invesco Ltd. now owns 1,167,382 shares of the company’s stock worth $45,738,000 after acquiring an additional 1,038,541 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at $26,152,000. Assenagon Asset Management S.A. bought a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $14,877,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Atmus Filtration Technologies by 2,022.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company’s stock worth $13,195,000 after purchasing an additional 320,917 shares during the period. 32.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Robert W. Baird decreased their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, Wells Fargo & Company dropped their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th.

Atmus Filtration Technologies Price Performance

Shares of ATMU stock opened at $35.30 on Friday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The firm has a market cap of $2.92 billion, a P/E ratio of 15.97, a P/E/G ratio of 3.99 and a beta of 1.78. The business’s 50 day moving average price is $35.88 and its 200-day moving average price is $39.13.

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 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 analysts’ expectations of $399.24 million. On average, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.57%. Atmus Filtration Technologies’s payout ratio is 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.