Atmus Filtration Technologies Inc. (NYSE:ATMU) Holdings Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 33.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 118,259 shares of the company’s stock after acquiring an additional 29,702 shares during the quarter. Teacher Retirement System of Texas’ holdings in Atmus Filtration Technologies were worth $4,633,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC boosted its stake in Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Atmus Filtration Technologies by 43.0% during the 4th 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 during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth $104,000. Finally, KBC Group NV boosted its stake in Atmus Filtration Technologies by 67.9% during the fourth quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after buying an additional 1,646 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $38.14 on Tuesday. The company has a 50-day moving average of $39.73 and a two-hundred day moving average of $39.65. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 3.99 and a beta of 1.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping 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 analyst estimates of $399.24 million. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors 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 dividend payout ratio is currently 9.05%.

Analyst Upgrades and Downgrades

Several brokerages have commented on ATMU. Wells Fargo & Company dropped their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Robert W. Baird cut their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price target on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.40.

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.