State Street Corp Cuts Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

State Street Corp cut its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,961,873 shares of the company's stock after selling 133,937 shares during the period. State Street Corp owned approximately 2.36% of Atmus Filtration Technologies worth $73,629,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in Atmus Filtration Technologies by 854.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company's stock valued at $5,346,000 after buying an additional 166,274 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Atmus Filtration Technologies in the second quarter worth $15,475,000. Algert Global LLC increased its position in Atmus Filtration Technologies by 516.7% during the third quarter. Algert Global LLC now owns 161,513 shares of the company's stock valued at $6,062,000 after acquiring an additional 135,325 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Atmus Filtration Technologies during the second quarter valued at $1,396,000. Finally, Gabelli Funds LLC bought a new position in Atmus Filtration Technologies in the second quarter valued at about $561,000. 32.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ATMU shares. Robert W. Baird boosted their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $42.00 to $45.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a report on Friday, October 11th. Finally, Northland Securities boosted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Atmus Filtration Technologies presently has an average rating of "Moderate Buy" and an average target price of $44.80.

Atmus Filtration Technologies Trading Down 2.4 %

ATMU traded down $0.95 during trading on Wednesday, reaching $38.99. The company had a trading volume of 802,390 shares, compared to its average volume of 1,736,526. 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 $21.09 and a 52 week high of $45.43. The stock has a market cap of $3.24 billion, a P/E ratio of 18.13, a PEG ratio of 4.42 and a beta of 1.69. The business has a 50 day simple moving average of $41.23 and a 200-day simple moving average of $35.35.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. During the same period in the prior year, the company posted $0.52 EPS. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies's payout ratio is presently 9.30%.

About Atmus Filtration Technologies

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.