Hotchkis & Wiley Capital Management LLC Sells 390,060 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Hotchkis & Wiley Capital Management LLC cut its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 34.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 736,490 shares of the company's stock after selling 390,060 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.89% of Atmus Filtration Technologies worth $27,640,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in Atmus Filtration Technologies by 38.5% during the first quarter. California State Teachers Retirement System now owns 24,592 shares of the company's stock valued at $793,000 after purchasing an additional 6,831 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Atmus Filtration Technologies by 103.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,008 shares of the company's stock valued at $806,000 after acquiring an additional 14,210 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Atmus Filtration Technologies by 21.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 373,785 shares of the company's stock valued at $10,758,000 after acquiring an additional 66,074 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Atmus Filtration Technologies by 209.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,735 shares of the company's stock valued at $453,000 after acquiring an additional 10,653 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Atmus Filtration Technologies by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company's stock valued at $374,000 after acquiring an additional 355 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Stock Up 0.3 %

Shares of ATMU traded up $0.13 during mid-day trading on Wednesday, hitting $43.01. 1,222,417 shares of the company's stock were exchanged, compared to its average volume of 1,778,643. The firm has a fifty day moving average of $40.61 and a two-hundred day moving average of $34.60. Atmus Filtration Technologies Inc. has a twelve month low of $21.09 and a twelve month high of $45.43. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 4.75 and a beta of 1.69. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. During the same quarter in the prior year, the business posted $0.52 EPS. Atmus Filtration Technologies's quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were paid a $0.05 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. Atmus Filtration Technologies's payout ratio is presently 9.30%.

Wall Street Analyst Weigh In

ATMU has been the subject of several research analyst reports. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $42.00 to $45.00 in a research report on Monday, November 11th. Robert W. Baird increased their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Finally, Northland Securities increased their target price 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $44.80.

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.