UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,081 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,349 shares of the company’s stock after selling 8,081 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Atmus Filtration Technologies worth $4,179,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Atmus Filtration Technologies by 9.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,177 shares of the company’s stock worth $645,000 after purchasing an additional 1,442 shares during the period. FORA Capital LLC acquired a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth about $1,242,000. Beaconlight Capital LLC increased its stake in shares of Atmus Filtration Technologies by 488.2% in the 3rd quarter. Beaconlight Capital LLC now owns 304,548 shares of the company’s stock valued at $11,430,000 after acquiring an additional 252,770 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Atmus Filtration Technologies by 18.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 590,100 shares of the company’s stock valued at $22,146,000 after acquiring an additional 93,900 shares during the period. Finally, Glenmede Trust Co. NA boosted its stake in Atmus Filtration Technologies by 0.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock worth $1,549,000 after acquiring an additional 303 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $41.02 on Friday. The company has a fifty day moving average price of $41.10 and a 200 day moving average price of $35.04. The firm has a market cap of $3.41 billion, a PE ratio of 19.08, a PEG ratio of 4.64 and a beta of 1.69. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 1-year low of $21.09 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. During the same period in the prior year, the firm earned $0.52 earnings per share. Atmus Filtration Technologies’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued 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 0.49%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.30%.

Wall Street Analyst Weigh In

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