Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Fmr LLC

FMR LLC reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 13.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,344,396 shares of the company's stock after selling 819,102 shares during the quarter. FMR LLC owned approximately 6.43% of Atmus Filtration Technologies worth $200,575,000 as of its most recent SEC filing.

Other 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 in the second quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in shares of Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock valued at $62,000 after purchasing an additional 774 shares during the period. Rothschild Investment LLC acquired a new position in shares of Atmus Filtration Technologies in the second quarter valued at about $68,000. KBC Group NV increased its holdings in shares of Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company's stock valued at $91,000 after purchasing an additional 718 shares during the period. Finally, nVerses Capital LLC acquired a new position in shares of Atmus Filtration Technologies in the second quarter valued at about $115,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU traded down $0.81 during midday trading on Tuesday, hitting $42.83. The company had a trading volume of 233,654 shares, compared to its average volume of 1,776,527. Atmus Filtration Technologies Inc. has a twelve month low of $21.09 and a twelve month high of $45.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 4.71 and a beta of 1.69. The business's 50-day simple moving average is $40.39 and its 200-day simple moving average is $34.45.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business had revenue of $404.00 million during the quarter, compared to analysts' expectations of $403.40 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. On average, research analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.30%.

Analyst Upgrades and Downgrades

ATMU has been the topic of a number of recent research reports. Wells Fargo & Company downgraded Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. Robert W. Baird upped their target price on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Northland Securities upped their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.80.

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.