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

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

A number of other institutional investors have also recently bought and sold shares of the business. Swiss National Bank grew its stake in Atmus Filtration Technologies by 0.7% in the 4th quarter. Swiss National Bank now owns 163,949 shares of the company's stock valued at $6,424,000 after purchasing an additional 1,200 shares during the period. Daiwa Securities Group Inc. grew its stake in Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company's stock valued at $104,000 after purchasing an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Atmus Filtration Technologies by 34.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,028 shares of the company's stock valued at $902,000 after purchasing an additional 5,851 shares during the period. AlphaQuest LLC bought a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $502,000. Finally, Raymond James Financial Inc. bought a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $26,152,000. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU traded up $0.80 during trading hours on Wednesday, reaching $38.03. 54,402 shares of the stock traded hands, compared to its average volume of 1,219,224. The company has a market capitalization of $3.15 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. 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 Inc. has a 52-week low of $25.51 and a 52-week high of $45.43. The company's 50-day simple moving average is $39.83 and its two-hundred day simple moving average is $39.53.

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Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Equities research analysts forecast 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 will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.53%. Atmus Filtration Technologies's payout ratio is 9.05%.

Analyst Upgrades and Downgrades

ATMU has been the subject of several analyst reports. Wells Fargo & Company cut 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 note on Monday, February 24th. JPMorgan Chase & Co. lowered their price target on 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 lowered their price target 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target 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.