Thompson Siegel & Walmsley LLC Trims Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Thompson Siegel & Walmsley LLC lowered its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 11.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 195,886 shares of the company's stock after selling 25,078 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.24% of Atmus Filtration Technologies worth $7,675,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ATMU. Oppenheimer Asset Management Inc. increased its stake in shares of Atmus Filtration Technologies by 59.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 12,195 shares of the company's stock valued at $458,000 after acquiring an additional 4,534 shares in the last quarter. KBC Group NV grew its holdings in Atmus Filtration Technologies by 42.1% in the third 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. Chesapeake Capital Corp IL bought a new stake in Atmus Filtration Technologies in the third quarter valued at $550,000. Prospera Financial Services Inc acquired a new position in shares of Atmus Filtration Technologies during the third quarter valued at about $246,000. Finally, Intech Investment Management LLC bought a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth about $831,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Stock Performance

ATMU traded up $0.23 during trading on Tuesday, hitting $37.22. 804,636 shares of the company traded hands, compared to its average volume of 1,275,202. Atmus Filtration Technologies Inc. has a one year low of $25.51 and a one year high of $45.43. The stock's fifty day moving average is $39.87 and its 200 day moving average is $39.52. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The firm has a market cap of $3.08 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83.

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Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. As a group, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. Atmus Filtration Technologies's payout ratio is 9.05%.

Analyst Upgrades and Downgrades

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

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.