Boston Partners Raises Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Boston Partners boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 745,235 shares of the company’s stock after buying an additional 11,819 shares during the period. Boston Partners’ holdings in Atmus Filtration Technologies were worth $29,572,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ATMU. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies in the 4th quarter worth $26,000. Nisa Investment Advisors LLC increased its stake 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 worth $45,000 after buying an additional 876 shares in the last quarter. KBC Group NV grew its position in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock valued at $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at about $242,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Up 4.1 %

Shares of NYSE:ATMU opened at $38.76 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 12 month low of $25.51 and a 12 month high of $45.43. The company has a 50-day moving average price of $39.82 and a 200 day moving average price of $39.52. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 3.99 and a beta of 1.83.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The firm had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. As a group, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is currently 9.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATMU. Wells Fargo & Company cut their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Monday, February 24th. Robert W. Baird cut their price objective 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, JPMorgan Chase & Co. cut their price objective on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $42.40.

About Atmus Filtration Technologies

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.