Barclays PLC Cuts Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Barclays PLC lowered its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 70.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 154,007 shares of the company's stock after selling 365,260 shares during the quarter. Barclays PLC owned approximately 0.19% of Atmus Filtration Technologies worth $6,034,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its stake in Atmus Filtration Technologies by 3.3% in the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after buying an additional 326 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Atmus Filtration Technologies by 3.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company's stock worth $343,000 after purchasing an additional 330 shares during the last quarter. Franklin Resources Inc. boosted its position in Atmus Filtration Technologies by 1.7% during the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company's stock valued at $1,125,000 after purchasing an additional 476 shares in the last quarter. Jag Capital Management LLC grew its stake in Atmus Filtration Technologies by 8.1% in the fourth quarter. Jag Capital Management LLC now owns 7,653 shares of the company's stock valued at $300,000 after purchasing an additional 571 shares during the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies in the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Wall Street Analyst Weigh In

ATMU has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Robert W. Baird lowered their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company cut their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th.

Atmus Filtration Technologies Stock Performance

NYSE ATMU traded down $0.11 during trading hours on Tuesday, reaching $34.43. The stock had a trading volume of 717,606 shares, compared to its average volume of 964,971. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The stock has a fifty day moving average of $36.10 and a 200 day moving average of $39.23. 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 stock has a market cap of $2.85 billion, a P/E ratio of 15.58, 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 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is presently 9.05%.

About Atmus Filtration Technologies

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.