Quadrature Capital Ltd Invests $969,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Quadrature Capital Ltd purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,033 shares of the company’s stock, valued at approximately $969,000.

Other institutional investors also recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. purchased a new position in Atmus Filtration Technologies in the first quarter valued at about $26,000. GAMMA Investing LLC raised its holdings in shares of Atmus Filtration Technologies by 103.8% in the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares during the period. Evermay Wealth Management LLC purchased a new position in Atmus Filtration Technologies in the first quarter valued at approximately $29,000. Global Retirement Partners LLC bought a new position in Atmus Filtration Technologies during the first quarter valued at $32,000. Finally, CVA Family Office LLC purchased a new stake in Atmus Filtration Technologies in the first quarter worth $85,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of ATMU traded up $1.10 during midday trading on Friday, hitting $31.36. 1,072,900 shares of the company traded hands, compared to its average volume of 1,147,868. Atmus Filtration Technologies Inc. has a one year low of $18.21 and a one year high of $33.70. The firm has a market cap of $2.61 billion, a P/E ratio of 16.00, a PEG ratio of 3.84 and a beta of 1.76. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.00 and a quick ratio of 1.27. The stock has a 50-day moving average of $29.34 and a 200-day moving average of $27.70.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 314.52%. The business had revenue of $426.60 million for the quarter, compared to analyst estimates of $416.18 million. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Thursday, August 1st will be given a $0.05 dividend. The ex-dividend date is Thursday, August 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATMU. Wells Fargo & Company dropped their price target on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Robert W. Baird cut their target price on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, The Goldman Sachs Group upped their price target on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $35.60.

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.