Assenagon Asset Management S.A. Purchases 84,025 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Assenagon Asset Management S.A. increased its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 22.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 463,731 shares of the company’s stock after purchasing an additional 84,025 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Atmus Filtration Technologies were worth $17,033,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ATMU. Rhumbline Advisers raised its holdings in Atmus Filtration Technologies by 2.1% in the 4th quarter. Rhumbline Advisers now owns 115,176 shares of the company’s stock valued at $4,513,000 after acquiring an additional 2,375 shares during the period. Convergence Investment Partners LLC raised its position in shares of Atmus Filtration Technologies by 18.2% in the fourth quarter. Convergence Investment Partners LLC now owns 30,621 shares of the company’s stock valued at $1,200,000 after buying an additional 4,719 shares in the last quarter. Ieq Capital LLC bought a new position in Atmus Filtration Technologies in the fourth quarter valued at approximately $242,000. Hussman Strategic Advisors Inc. bought a new position in Atmus Filtration Technologies in the fourth quarter valued at approximately $1,234,000. Finally, Y Intercept Hong Kong Ltd increased its stake in Atmus Filtration Technologies by 193.9% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 20,510 shares of the company’s stock valued at $804,000 after acquiring an additional 13,532 shares during the last quarter. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $35.27 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The firm’s 50-day moving average price is $35.59 and its 200-day moving average price is $38.26. The firm has a market capitalization of $2.92 billion, a P/E ratio of 15.96, a P/E/G ratio of 3.99 and a beta of 1.71. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, topping 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 company had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Tuesday, June 3rd. Atmus Filtration Technologies’s payout ratio is 9.05%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ATMU shares. Wells Fargo & Company boosted their target price on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a research note on Tuesday, May 27th. Robert W. Baird dropped their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.40.

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.