Fmr LLC Sells 819,102 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Fmr LLC reduced its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 13.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,344,396 shares of the company’s stock after selling 819,102 shares during the period. Fmr LLC owned about 0.06% of Atmus Filtration Technologies worth $200,575,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ATMU. American Century Companies Inc. grew its holdings in shares of Atmus Filtration Technologies by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock valued at $57,040,000 after purchasing an additional 54,051 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Atmus Filtration Technologies by 27.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after buying an additional 272,890 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Atmus Filtration Technologies by 26.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,153,484 shares of the company’s stock valued at $43,290,000 after acquiring an additional 242,718 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Atmus Filtration Technologies by 83.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock valued at $32,397,000 after acquiring an additional 512,390 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in Atmus Filtration Technologies by 34.6% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 884,458 shares of the company’s stock worth $25,455,000 after purchasing an additional 227,576 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $43.66 on Tuesday. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43. The firm’s 50-day moving average is $40.39 and its 200 day moving average is $34.45. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 4.71 and a beta of 1.68. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

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

Atmus Filtration Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company lowered Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $42.00 to $45.00 in a research note on Monday, November 11th. Northland Securities boosted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Robert W. Baird increased their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

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.