Magnetar Financial LLC Acquires Shares of 13,068 Atmus Filtration Technologies Inc. (NYSE:ATMU)

Magnetar Financial LLC acquired a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 13,068 shares of the company’s stock, valued at approximately $512,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at about $26,000. Nisa Investment Advisors LLC boosted its holdings in shares of 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 acquiring an additional 876 shares during the last quarter. KBC Group NV grew its position in 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 buying an additional 718 shares during the period. Daiwa Securities Group Inc. grew its position 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 valued at $104,000 after buying an additional 800 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $104,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Stock Performance

ATMU opened at $37.43 on Friday. The firm has a market cap of $3.10 billion, a P/E ratio of 16.94, a PEG ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43. The company has a 50 day simple moving average of $39.76 and a two-hundred day simple moving average of $39.57. 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 (NYSE:ATMU) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share 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 business had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. Atmus Filtration Technologies’s dividend payout ratio is 9.05%.

Wall Street Analysts Forecast Growth

ATMU has been the subject of several recent research reports. 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 report on Monday, February 24th. JPMorgan Chase & Co. cut their target price on shares of Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company cut their target price on shares of 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.