Fox Run Management L.L.C. trimmed its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 55.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,326 shares of the company's stock after selling 11,720 shares during the period. Fox Run Management L.L.C.'s holdings in Atmus Filtration Technologies were worth $365,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth $26,000. Nisa Investment Advisors LLC lifted its position in Atmus Filtration Technologies by 333.1% in the fourth 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. Harvest Fund Management Co. Ltd purchased a new stake in Atmus Filtration Technologies in the 4th quarter valued at approximately $104,000. Daiwa Securities Group Inc. boosted its holdings in Atmus Filtration Technologies by 43.0% in 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. Finally, KBC Group NV increased its position in Atmus Filtration Technologies by 67.9% during the 4th quarter. KBC Group NV now owns 4,070 shares of the company's stock worth $159,000 after purchasing an additional 1,646 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Robert W. Baird decreased their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. raised their target price on Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Wells Fargo & Company lowered their price target 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.80.
Check Out Our Latest Stock Analysis on Atmus Filtration Technologies
Atmus Filtration Technologies Price Performance
NYSE ATMU traded down $0.54 during mid-day trading on Friday, hitting $37.57. The stock had a trading volume of 756,547 shares, compared to its average volume of 1,115,546. The company has a 50 day simple moving average of $39.45 and a 200 day simple moving average of $39.76. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. 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, February 21st. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $406.70 million during the quarter, compared to analysts' expectations of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.
Atmus Filtration Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is currently 9.05%.
Atmus Filtration Technologies Profile
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Free Report)
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.
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