Daiwa Securities Group Inc. Lowers Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Daiwa Securities Group Inc. lessened its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 60.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,860 shares of the company’s stock after selling 2,800 shares during the period. Daiwa Securities Group Inc.’s holdings in Atmus Filtration Technologies were worth $70,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quarry LP bought a new position in shares of Atmus Filtration Technologies in the second quarter worth about $29,000. GAMMA Investing LLC boosted its stake in Atmus Filtration Technologies by 89.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after purchasing an additional 774 shares during the period. Rothschild Investment LLC purchased a new stake in Atmus Filtration Technologies during the 2nd quarter valued at approximately $68,000. KBC Group NV grew its holdings in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after buying an additional 718 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Atmus Filtration Technologies during the second quarter valued at approximately $115,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

ATMU has been the topic of a number of research reports. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $42.00 to $45.00 in a report on Monday, November 11th. Robert W. Baird raised their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Northland Securities boosted their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $43.29 on Monday. The company has a market cap of $3.60 billion, a P/E ratio of 20.13, a P/E/G ratio of 4.71 and a beta of 1.68. 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 business’s 50 day moving average price is $40.25 and its 200-day moving average price is $34.36. Atmus Filtration Technologies Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. The firm had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is currently 9.30%.

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.