SG Americas Securities LLC Sells 4,502 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

SG Americas Securities LLC reduced its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 42.1% in the second quarter, Holdings Channel reports. The institutional investor owned 6,203 shares of the company’s stock after selling 4,502 shares during the period. SG Americas Securities LLC’s holdings in Atmus Filtration Technologies were worth $179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Atmus Filtration Technologies by 366.5% in the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock valued at $260,601,000 after acquiring an additional 6,348,391 shares in the last quarter. Boston Partners purchased a new stake in shares of Atmus Filtration Technologies in the first quarter worth approximately $27,102,000. Bayberry Capital Partners LP bought a new position in shares of Atmus Filtration Technologies in the first quarter valued at approximately $25,800,000. Caas Capital Management LP purchased a new position in shares of Atmus Filtration Technologies during the first quarter valued at approximately $19,841,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Atmus Filtration Technologies by 38.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after buying an additional 583,078 shares in the last quarter. 32.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Atmus Filtration Technologies

In other news, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 7th. The stock was acquired at an average cost of $31.56 per share, with a total value of $260,370.00. Following the completion of the acquisition, the director now owns 32,083 shares in the company, valued at $1,012,539.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company lowered their price target on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Robert W. Baird increased their target price on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Atmus Filtration Technologies has an average rating of “Buy” and a consensus price target of $35.80.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $34.36 on Friday. The business’s fifty day simple moving average is $30.38 and its 200 day simple moving average is $29.06. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 4.83. Atmus Filtration Technologies Inc. has a 12 month low of $18.21 and a 12 month high of $34.44. The firm has a market capitalization of $2.86 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 3.67 and a beta of 1.74.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.13. The firm had revenue of $432.60 million during the quarter, compared to analyst estimates of $418.33 million. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. As a group, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio is 10.20%.

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.