American Century Companies Inc. Reduces Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

American Century Companies Inc. trimmed its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 22.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,256,404 shares of the company's stock after selling 364,737 shares during the quarter. American Century Companies Inc. owned 1.51% of Atmus Filtration Technologies worth $49,226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC boosted its holdings in Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after purchasing an additional 876 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Atmus Filtration Technologies by 43.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Atmus Filtration Technologies in the fourth quarter worth $104,000. Finally, KBC Group NV raised its position in shares of Atmus Filtration Technologies by 67.9% in the fourth quarter. KBC Group NV now owns 4,070 shares of the company's stock worth $159,000 after buying an additional 1,646 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Atmus Filtration Technologies Trading Down 1.4 %

NYSE:ATMU traded down $0.54 during trading hours on Friday, reaching $37.57. The company's stock had a trading volume of 756,547 shares, compared to its average volume of 1,115,546. The firm has a 50-day simple moving average of $39.45 and a 200-day simple moving average of $39.76. Atmus Filtration Technologies Inc. has a 1 year low of $27.62 and a 1 year high of $45.43. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 3.99 and a beta of 1.83. 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 (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.05%.

Analysts Set New Price Targets

Several brokerages have recently commented on ATMU. JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an "overweight" rating in a report on Thursday. Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Finally, Robert W. Baird dropped their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

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.