Vanguard Group Inc. decreased its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,309,370 shares of the company's stock after selling 64,878 shares during the quarter. Vanguard Group Inc. owned 10.00% of Atmus Filtration Technologies worth $325,561,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Wellington Management Group LLP grew its position in Atmus Filtration Technologies by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company's stock valued at $94,476,000 after buying an additional 43,004 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Atmus Filtration Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company's stock worth $71,123,000 after acquiring an additional 39,710 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Atmus Filtration Technologies by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company's stock valued at $29,522,000 after acquiring an additional 40,352 shares in the last quarter. Boston Partners increased its stake in shares of Atmus Filtration Technologies by 1.6% during the fourth quarter. Boston Partners now owns 745,235 shares of the company's stock valued at $29,572,000 after acquiring an additional 11,819 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $26,152,000. 32.73% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have commented on ATMU shares. JPMorgan Chase & Co. boosted their price target on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Wells Fargo & Company cut their target price 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 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 issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.
View Our Latest Stock Analysis on Atmus Filtration Technologies
Atmus Filtration Technologies Stock Performance
ATMU stock traded down $0.76 during mid-day trading on Tuesday, reaching $31.60. 1,488,498 shares of the stock traded hands, compared to its average volume of 1,039,530. The firm has a market capitalization of $2.61 billion, a PE ratio of 14.30, a P/E/G ratio of 3.99 and a beta of 1.78. The business has a 50-day moving average of $38.17 and a two-hundred day moving average of $39.65. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. 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 (NYSE:ATMU - Get Free Report) last announced 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 return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. As a group, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.
Atmus Filtration Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.
About Atmus Filtration Technologies
(
Free Report)
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.
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