Trexquant Investment LP Raises Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Trexquant Investment LP grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 128.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 287,073 shares of the company’s stock after buying an additional 161,363 shares during the period. Trexquant Investment LP owned 0.35% of Atmus Filtration Technologies worth $11,248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies in the fourth quarter worth approximately $26,000. New Age Alpha Advisors LLC purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $32,000. Nisa Investment Advisors LLC raised its holdings in Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after buying an additional 876 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at about $104,000. Finally, Daiwa Securities Group Inc. boosted its stake in 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 buying an additional 800 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped 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, March 27th. Robert W. Baird lowered their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company cut their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average target price of $42.80.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $37.92 on Thursday. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. 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 52 week low of $27.62 and a 52 week high of $45.43. The company has a fifty day simple moving average of $39.12 and a two-hundred day simple moving average of $39.77.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $406.70 million for the quarter, compared to the consensus estimate 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, equities 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 declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

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.