D. E. Shaw & Co. Inc. Buys 584,270 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

D. E. Shaw & Co. Inc. increased its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 44.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,911,153 shares of the company’s stock after purchasing an additional 584,270 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Atmus Filtration Technologies were worth $74,879,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Tidal Investments LLC bought a new stake in Atmus Filtration Technologies in the 3rd quarter worth approximately $552,000. JPMorgan Chase & Co. increased its position in Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock worth $10,737,000 after purchasing an additional 21,687 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Atmus Filtration Technologies during the fourth quarter valued at $14,877,000. Nisa Investment Advisors LLC lifted its position in Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter worth $26,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

ATMU stock opened at $36.27 on Friday. 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 $27.62 and a 1-year high of $45.43. The business has a 50-day moving average price of $35.57 and a 200 day moving average price of $39.00. The company has a market capitalization of $3.00 billion, a P/E ratio of 16.41, a PEG ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $424.03 million. During the same quarter in the previous year, the business posted $0.60 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a dividend of $0.05 per share. 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 is currently 9.05%.

Analyst Ratings Changes

Several research firms recently commented on ATMU. Wells Fargo & Company lifted their price target 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. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Finally, 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 report on Monday, February 24th.

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.