Kennedy Capital Management LLC reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,152 shares of the company's stock after selling 62,449 shares during the quarter. Kennedy Capital Management LLC owned about 0.53% of Atmus Filtration Technologies worth $17,167,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. boosted its position in shares of Atmus Filtration Technologies by 806.1% in the 4th quarter. Invesco Ltd. now owns 1,167,382 shares of the company's stock valued at $45,738,000 after purchasing an additional 1,038,541 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $26,152,000. Assenagon Asset Management S.A. acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at $14,877,000. Arrowstreet Capital Limited Partnership raised its position in Atmus Filtration Technologies by 2,022.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company's stock valued at $13,195,000 after purchasing an additional 320,917 shares during the last quarter. Finally, Norges Bank acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth $8,839,000. 32.73% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating for the company in a report on Friday. Wells Fargo & Company dropped their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. Finally, Robert W. Baird decreased their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Atmus Filtration Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $41.20.
View Our Latest Stock Report on Atmus Filtration Technologies
Atmus Filtration Technologies Stock Performance
ATMU traded down $0.52 during trading on Friday, reaching $33.10. The company's stock had a trading volume of 1,027,634 shares, compared to its average volume of 1,026,230. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The company's fifty day moving average price is $37.59 and its 200-day moving average price is $39.56. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78.
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 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 firm had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. On average, equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.
Atmus Filtration Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.
Atmus Filtration Technologies Company 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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