Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,027,424 shares of the company's stock after selling 98,255 shares during the period. Victory Capital Management Inc. owned approximately 1.23% of Atmus Filtration Technologies worth $38,559,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ATMU. SG Americas Securities LLC increased its position in shares of Atmus Filtration Technologies by 74.2% during the first quarter. SG Americas Securities LLC now owns 10,705 shares of the company's stock valued at $345,000 after buying an additional 4,561 shares during the period. Swiss National Bank grew its holdings in shares of Atmus Filtration Technologies by 472.5% during the 1st quarter. Swiss National Bank now owns 188,349 shares of the company's stock worth $6,074,000 after acquiring an additional 155,449 shares during the period. Sei Investments Co. raised its position in shares of Atmus Filtration Technologies by 78.2% in the 1st quarter. Sei Investments Co. now owns 270,428 shares of the company's stock worth $8,721,000 after acquiring an additional 118,670 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Atmus Filtration Technologies in the 1st quarter worth approximately $353,000. Finally, Vanguard Group Inc. lifted its stake in shares of Atmus Filtration Technologies by 366.5% in the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company's stock valued at $260,601,000 after purchasing an additional 6,348,391 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Atmus Filtration Technologies Trading Up 0.4 %

NYSE ATMU traded up $0.16 during trading hours on Friday, hitting $43.26. 900,266 shares of the company were exchanged, compared to its average volume of 861,663. Atmus Filtration Technologies Inc. has a 52 week low of $20.44 and a 52 week high of $44.66. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The stock has a 50-day moving average price of $38.64 and a 200 day moving average price of $33.40. The stock has a market cap of $3.59 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 4.76 and a beta of 1.68.

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

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 9.30%.

Insiders Place Their Bets

In related news, Director Gretchen R. Haggerty purchased 5,849 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the acquisition, the director now owns 19,882 shares of the company's stock, valued at $679,964.40. The trade was a 41.68 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.43% of the company's stock.

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.