Eagle Asset Management Inc. Makes New Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Eagle Asset Management Inc. bought a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 576,481 shares of the company’s stock, valued at approximately $21,635,000. Eagle Asset Management Inc. owned approximately 0.69% of Atmus Filtration Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ATMU. ProShare Advisors LLC acquired a new position in Atmus Filtration Technologies in the 1st quarter worth approximately $353,000. Vanguard Group Inc. increased its stake in shares of Atmus Filtration Technologies by 366.5% in the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after acquiring an additional 6,348,391 shares during the last quarter. American International Group Inc. increased its stake in shares of Atmus Filtration Technologies by 408.4% in the 1st quarter. American International Group Inc. now owns 41,512 shares of the company’s stock worth $1,339,000 after acquiring an additional 33,347 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth about $969,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Atmus Filtration Technologies by 38.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after purchasing an additional 583,078 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 1.6 %

Shares of ATMU stock opened at $44.48 on Friday. The business’s fifty day moving average price is $39.33 and its 200 day moving average price is $33.74. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The firm has a market capitalization of $3.70 billion, a PE ratio of 20.69, a P/E/G ratio of 4.68 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 1-year low of $21.09 and a 1-year high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 earnings per share. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 0.45%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Northland Securities lifted their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $42.00 to $45.00 in a research note on Monday, November 11th. Finally, Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

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.