FIL Ltd Sells 1,635 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

FIL Ltd cut its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 564,911 shares of the company’s stock after selling 1,635 shares during the period. FIL Ltd owned 0.68% of Atmus Filtration Technologies worth $22,133,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Atmus Filtration Technologies by 806.1% in the 4th quarter. Invesco Ltd. now owns 1,167,382 shares of the company’s stock valued at $45,738,000 after purchasing an additional 1,038,541 shares during the period. Federated Hermes Inc. lifted its position in Atmus Filtration Technologies by 4.5% during the fourth quarter. Federated Hermes Inc. now owns 348,798 shares of the company’s stock valued at $13,666,000 after buying an additional 15,112 shares during the period. Bryce Point Capital LLC bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at $847,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Atmus Filtration Technologies by 7.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,249,812 shares of the company’s stock valued at $48,968,000 after buying an additional 81,502 shares in the last quarter. Finally, Trexquant Investment LP grew its position in shares of Atmus Filtration Technologies by 128.4% in the 4th quarter. Trexquant Investment LP now owns 287,073 shares of the company’s stock worth $11,248,000 after buying an additional 161,363 shares during the period. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Stock Down 5.8 %

Shares of Atmus Filtration Technologies stock opened at $33.49 on Friday. The company has a 50-day simple moving average of $37.75 and a two-hundred day simple moving average of $39.59. The stock has a market capitalization of $2.77 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data 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 company had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. On average, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.60%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

Analyst Ratings Changes

Several research firms recently commented on ATMU. JPMorgan Chase & Co. boosted their price objective on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Wells Fargo & Company dropped their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Finally, Robert W. Baird cut their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

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.