Loomis Sayles & Co. L P Has $13.59 Million Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Loomis Sayles & Co. L P lessened its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 362,228 shares of the company's stock after selling 14,185 shares during the period. Loomis Sayles & Co. L P owned about 0.44% of Atmus Filtration Technologies worth $13,594,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $29,000. GAMMA Investing LLC grew its position in shares of Atmus Filtration Technologies by 89.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock worth $62,000 after purchasing an additional 774 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $68,000. KBC Group NV lifted its holdings in shares of Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after acquiring an additional 718 shares during the period. Finally, nVerses Capital LLC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $115,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ATMU. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a report on Friday, October 11th. 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 stock from $42.00 to $45.00 in a report on Monday, November 11th. Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. 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 report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Atmus Filtration Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $44.80.

Atmus Filtration Technologies Trading Down 1.5 %

Shares of ATMU stock traded down $0.66 during trading hours on Wednesday, hitting $43.06. 544,029 shares of the company's stock traded hands, compared to its average volume of 1,791,925. The stock's 50 day simple moving average is $39.85 and its 200 day simple moving average is $34.09. The stock has a market cap of $3.58 billion, a PE ratio of 20.43, a price-to-earnings-growth ratio of 4.80 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 12 month low of $21.09 and a 12 month 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 released its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. The firm had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company's revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 EPS 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 issued a $0.05 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 0.46%. Atmus Filtration Technologies's payout ratio is 9.30%.

Atmus Filtration Technologies 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.