Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 285,880 shares of the company's stock after selling 36,040 shares during the period. Sei Investments Co. owned 0.34% of Atmus Filtration Technologies worth $11,200,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Glenmede Trust Co. NA boosted its stake in shares of Atmus Filtration Technologies by 0.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company's stock worth $1,549,000 after purchasing an additional 303 shares during the last quarter. Jag Capital Management LLC boosted its position in Atmus Filtration Technologies by 8.1% during the fourth quarter. Jag Capital Management LLC now owns 7,653 shares of the company's stock worth $300,000 after acquiring an additional 571 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies in the 4th quarter worth approximately $26,000. Daiwa Securities Group Inc. raised its holdings 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 acquiring an additional 800 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after purchasing an additional 876 shares during the period. Institutional investors and hedge funds own 32.73% of the company's stock.

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Atmus Filtration Technologies Trading Down 7.9 %

NYSE ATMU traded down $2.98 during mid-day trading on Thursday, hitting $34.90. The company's stock had a trading volume of 1,174,497 shares, compared to its average volume of 1,066,781. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The stock's fifty day simple moving average is $38.95 and its two-hundred day simple moving average is $39.74. The firm has a market capitalization of $2.91 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $0.58 earnings per share 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 analyst estimates of $399.24 million. 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. Investors of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.05%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ATMU shares. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Wells Fargo & Company dropped their price objective on shares of 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. Finally, Robert W. Baird decreased their target price on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.