Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Holdings Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA raised its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 7.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,249,812 shares of the company's stock after acquiring an additional 81,502 shares during the period. Massachusetts Financial Services Co. MA owned 1.50% of Atmus Filtration Technologies worth $48,968,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Trexquant Investment LP increased its stake in shares of Atmus Filtration Technologies by 128.4% during the 4th quarter. Trexquant Investment LP now owns 287,073 shares of the company's stock valued at $11,248,000 after acquiring an additional 161,363 shares during the last quarter. Franklin Resources Inc. increased 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 worth $1,125,000 after purchasing an additional 476 shares during the last quarter. Alliancebernstein L.P. increased its position in Atmus Filtration Technologies by 1.3% during the fourth quarter. Alliancebernstein L.P. now owns 87,943 shares of the company's stock worth $3,446,000 after purchasing an additional 1,100 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Atmus Filtration Technologies by 9.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,017 shares of the company's stock worth $392,000 after purchasing an additional 869 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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Atmus Filtration Technologies Stock Down 5.6 %

ATMU stock traded down $1.99 during mid-day trading on Thursday, hitting $33.57. 381,798 shares of the company were exchanged, compared to its average volume of 1,028,112. The firm has a fifty day simple moving average of $37.90 and a 200 day simple moving average of $39.61. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The company has a market capitalization of $2.78 billion, a PE ratio of 15.24, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

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 business had revenue of $406.70 million during 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%. On average, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is presently 9.05%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Robert W. Baird cut their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, Wells Fargo & Company decreased their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.80.

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.