Cerity Partners LLC Acquires 5,204 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Cerity Partners LLC boosted its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 68.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,844 shares of the company’s stock after acquiring an additional 5,204 shares during the period. Cerity Partners LLC’s holdings in Atmus Filtration Technologies were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ATMU. New Age Alpha Advisors LLC acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $32,000. Tower Research Capital LLC TRC raised its stake in shares of Atmus Filtration Technologies by 295.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock valued at $54,000 after purchasing an additional 1,022 shares during the period. Quarry LP raised its stake in shares of Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after purchasing an additional 827 shares during the period. Wexford Capital LP acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $242,000. Finally, Caption Management LLC acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $251,000. 32.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ATMU has been the topic of several analyst reports. The Goldman Sachs Group lowered Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Tuesday, May 27th. Wells Fargo & Company upped their target price on Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $38.54 on Friday. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 4.72 and a beta of 1.64. Atmus Filtration Technologies Inc. has a twelve month low of $29.07 and a twelve month high of $45.43. The stock has a fifty day simple moving average of $36.91 and a 200 day simple moving average of $37.49. The company has a quick ratio of 1.46, a current ratio of 2.23 and a debt-to-equity ratio of 2.12.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same period last year, the business posted $0.60 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were given a $0.05 dividend. The ex-dividend date was Tuesday, June 3rd. This represents a $0.20 annualized dividend and a yield of 0.52%. 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.