Medina Value Partners LLC Has $19.89 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Medina Value Partners LLC reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 507,555 shares of the company's stock after selling 278,471 shares during the quarter. Atmus Filtration Technologies accounts for 8.2% of Medina Value Partners LLC's holdings, making the stock its 6th biggest holding. Medina Value Partners LLC owned approximately 0.61% of Atmus Filtration Technologies worth $19,886,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC bought a new stake in shares of Atmus Filtration Technologies during the 3rd quarter valued at approximately $408,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $262,000. Geode Capital Management LLC raised its holdings in Atmus Filtration Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company's stock worth $71,123,000 after purchasing an additional 39,710 shares during the last quarter. Tidal Investments LLC acquired a new position in Atmus Filtration Technologies in the third quarter valued at $552,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Atmus Filtration Technologies by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock valued at $10,737,000 after purchasing an additional 21,687 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Performance

Shares of ATMU traded up $1.07 during mid-day trading on Tuesday, hitting $33.27. The stock had a trading volume of 157,075 shares, compared to its average volume of 994,368. 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 firm has a market cap of $2.75 billion, a P/E ratio of 15.06, a PEG ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. The business has a fifty day moving average price of $36.70 and a 200-day moving average price of $39.40.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Robert W. Baird reduced their target price 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 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 research report on Monday, February 24th.

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.