Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 12.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,816 shares of the company's stock after selling 8,327 shares during the period. Anchor Capital Advisors LLC owned about 0.07% of Atmus Filtration Technologies worth $2,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale raised its position in Atmus Filtration Technologies by 4.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company's stock valued at $535,000 after acquiring an additional 626 shares in the last quarter. abrdn plc increased its holdings in shares of Atmus Filtration Technologies by 32.5% during the 3rd quarter. abrdn plc now owns 725,732 shares of the company's stock valued at $27,237,000 after purchasing an additional 178,074 shares in the last quarter. Palliser Capital UK Ltd acquired a new position in shares of Atmus Filtration Technologies in the 3rd quarter valued at $2,090,000. Harbor Capital Advisors Inc. boosted its holdings in Atmus Filtration Technologies by 11.8% during the third quarter. Harbor Capital Advisors Inc. now owns 31,319 shares of the company's stock worth $1,175,000 after buying an additional 3,311 shares in the last quarter. Finally, Jag Capital Management LLC acquired a new stake in Atmus Filtration Technologies during the third quarter valued at $266,000. Institutional investors and hedge funds own 32.73% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ATMU. Wells Fargo & Company lowered their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Robert W. Baird dropped their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Northland Securities upped their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Atmus Filtration Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Atmus Filtration Technologies Price Performance

ATMU traded down $1.22 on Tuesday, reaching $36.82. 382,061 shares of the company's stock were exchanged, compared to its average volume of 710,447. The stock's fifty day moving average price is $40.28 and its 200-day moving average price is $39.29. The stock has a market cap of $3.05 billion, a PE ratio of 16.66, a P/E/G ratio of 3.99 and a beta of 1.80. 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 Inc. has a twelve month low of $22.81 and a twelve month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. Sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

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.