Massachusetts Financial Services Co. MA Sells 30,793 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Massachusetts Financial Services Co. MA lessened its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,168,310 shares of the company's stock after selling 30,793 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.40% of Atmus Filtration Technologies worth $43,847,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Atmus Filtration Technologies by 366.5% during the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company's stock worth $260,601,000 after acquiring an additional 6,348,391 shares during the period. American International Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 408.4% in the first quarter. American International Group Inc. now owns 41,512 shares of the company's stock valued at $1,339,000 after acquiring an additional 33,347 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Atmus Filtration Technologies in the first quarter valued at approximately $969,000. Price T Rowe Associates Inc. MD boosted its holdings in Atmus Filtration Technologies by 38.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company's stock worth $67,355,000 after buying an additional 583,078 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC bought a new stake in Atmus Filtration Technologies during the first quarter worth approximately $315,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATMU. Robert W. Baird raised their target price 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. JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. Finally, Northland Securities raised their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $44.80.

Atmus Filtration Technologies Stock Down 0.1 %

Shares of NYSE:ATMU traded down $0.05 during trading on Monday, reaching $44.45. 297,300 shares of the company traded hands, compared to its average volume of 1,800,734. The firm has a fifty day simple moving average of $39.52 and a 200 day simple moving average of $33.90. The firm has a market cap of $3.69 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 4.84 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 1-year low of $21.09 and a 1-year high of $45.14. 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 issued its earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. The company had revenue of $404.00 million during the quarter, compared to analyst estimates 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 business posted $0.52 EPS. Analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal 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 0.45%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.30%.

Atmus Filtration Technologies Company 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.