Swiss National Bank Sells 2,900 Shares of Atmus Filtration Technologies Inc. $ATMU

Swiss National Bank cut its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,049 shares of the company’s stock after selling 2,900 shares during the quarter. Swiss National Bank owned about 0.19% of Atmus Filtration Technologies worth $5,915,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Atmus Filtration Technologies by 295.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock valued at $54,000 after buying an additional 1,022 shares during the last quarter. Quarry LP raised its stake in 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 last quarter. Wexford Capital LP acquired a new position in Atmus Filtration Technologies in the 4th quarter valued at $242,000. Caption Management LLC acquired a new position in Atmus Filtration Technologies in the 4th quarter valued at $251,000. Finally, State of Wyoming increased its stake in shares of Atmus Filtration Technologies by 31.9% in the 4th quarter. State of Wyoming now owns 6,560 shares of the company’s stock worth $257,000 after acquiring an additional 1,587 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATMU has been the subject of a number of research analyst reports. The Goldman Sachs Group cut Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Tuesday, May 27th. JPMorgan Chase & Co. boosted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 1st. Robert W. Baird lifted their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and a consensus price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $44.02 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 5.23 and a beta of 1.64. The stock’s fifty day simple moving average is $38.16 and its 200 day simple moving average is $37.33. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $45.92.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%. The firm had revenue of $453.50 million during the quarter, compared to analysts’ expectations of $433.51 million. During the same quarter last year, the firm earned $0.71 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a dividend of $0.055 per share. This is a positive change from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, August 26th. Atmus Filtration Technologies’s dividend payout ratio is presently 8.85%.

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.