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

Fmr LLC reduced its position 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 institutional investor owned 5,344,396 shares of the company’s stock after selling 819,102 shares during the period. Fmr LLC owned 6.43% of Atmus Filtration Technologies worth $200,575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC lifted its holdings in Atmus Filtration Technologies by 3.1% during the second quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock worth $325,000 after acquiring an additional 344 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Atmus Filtration Technologies by 2.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock worth $374,000 after purchasing an additional 355 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of Atmus Filtration Technologies by 4.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock worth $535,000 after buying an additional 626 shares during the last quarter. KBC Group NV grew its position in Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after buying an additional 718 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after buying an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Ratings Changes

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

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $43.66 on Tuesday. 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 Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $45.43. The stock has a market cap of $3.63 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 4.71 and a beta of 1.68. The stock has a fifty day moving average of $40.39 and a 200-day moving average of $34.45.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same quarter in the previous year, the firm earned $0.52 EPS. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s payout ratio is 9.30%.

About Atmus Filtration Technologies

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.