Level Four Advisory Services LLC Trims Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Level Four Advisory Services LLC trimmed its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,480 shares of the company’s stock after selling 1,700 shares during the period. Level Four Advisory Services LLC’s holdings in Atmus Filtration Technologies were worth $881,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ATMU. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies during the fourth quarter worth $26,000. New Age Alpha Advisors LLC acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter valued at $32,000. Nisa Investment Advisors LLC increased its position 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 worth $45,000 after purchasing an additional 876 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Atmus Filtration Technologies in the 4th quarter valued at about $104,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Atmus Filtration Technologies by 43.0% in 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 in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ATMU. JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday. Robert W. Baird cut their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company decreased their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. One equities 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.com, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $37.57 on Monday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The company has a 50 day moving average price of $39.45 and a 200 day moving average price of $39.76.

Atmus Filtration Technologies (NYSE:ATMU) last released 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 return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. Sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Atmus Filtration Technologies Company 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.