Arizona State Retirement System Has $875,000 Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Arizona State Retirement System lowered its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,836 shares of the company’s stock after selling 357 shares during the period. Arizona State Retirement System’s holdings in Atmus Filtration Technologies were worth $875,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Eminence Capital LP lifted its holdings in shares of Atmus Filtration Technologies by 79.0% during the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock valued at $179,939,000 after acquiring an additional 2,027,617 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at $63,949,000. Invesco Ltd. lifted its holdings in shares of Atmus Filtration Technologies by 806.1% during the fourth quarter. Invesco Ltd. now owns 1,167,382 shares of the company’s stock valued at $45,738,000 after acquiring an additional 1,038,541 shares during the period. Raymond James Financial Inc. bought a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at about $26,152,000. Finally, D. E. Shaw & Co. Inc. lifted its position in Atmus Filtration Technologies by 44.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company’s stock worth $74,879,000 after buying an additional 584,270 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ATMU. Wells Fargo & Company upped their price target on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research report on Tuesday, May 27th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $42.80.

Atmus Filtration Technologies Price Performance

Shares of ATMU stock opened at $37.65 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 2.12. Atmus Filtration Technologies Inc. has a 1 year low of $29.07 and a 1 year high of $45.43. The firm’s fifty day moving average price is $36.94 and its two-hundred day moving average price is $37.51. The firm has a market capitalization of $3.11 billion, a P/E ratio of 17.04, a PEG ratio of 4.67 and a beta of 1.64.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 94.85% and a net margin of 11.14%. The company had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. Atmus Filtration Technologies’s payout ratio is 9.05%.

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.