Royce & Associates LP Sells 83,308 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Royce & Associates LP lowered its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 643,946 shares of the company's stock after selling 83,308 shares during the period. Royce & Associates LP owned about 0.77% of Atmus Filtration Technologies worth $25,230,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ATMU. Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies in the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC lifted its position in Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after acquiring an additional 876 shares in the last quarter. KBC Group NV boosted its stake in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after purchasing an additional 718 shares during the period. Daiwa Securities Group Inc. increased its holdings in Atmus Filtration Technologies by 43.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock worth $104,000 after purchasing an additional 800 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $242,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Down 0.8 %

Shares of Atmus Filtration Technologies stock traded down $0.30 on Thursday, reaching $38.36. 712,478 shares of the company were exchanged, compared to its average volume of 1,174,325. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 3.99 and a beta of 1.83. 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 Inc. has a one year low of $25.51 and a one year high of $45.43. The company has a 50-day moving average of $39.82 and a 200 day moving average of $39.52.

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

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ATMU shares. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. lowered their price objective on shares of Atmus Filtration Technologies from $46.00 to $44.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Robert W. Baird reduced their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.40.

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.