Victory Capital Management Inc. Has $26.44 Million Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Victory Capital Management Inc. lessened its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 674,773 shares of the company's stock after selling 352,651 shares during the period. Victory Capital Management Inc. owned about 0.81% of Atmus Filtration Technologies worth $26,438,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies during the fourth quarter worth about $26,000. Nisa Investment Advisors LLC lifted its position in shares of Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after buying an additional 876 shares during the last quarter. KBC Group NV boosted its stake in shares of Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after acquiring an additional 718 shares during the period. Ieq Capital LLC acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $242,000. Finally, Prospera Financial Services Inc bought a new position in Atmus Filtration Technologies during the third quarter worth $246,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ATMU. Robert W. Baird cut 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 research note on Monday, February 24th. Wells Fargo & Company reduced their price objective on 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 data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.00.

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Atmus Filtration Technologies Price Performance

NYSE:ATMU traded up $0.97 during trading hours on Friday, reaching $36.72. 1,180,485 shares of the company were exchanged, compared to its average volume of 1,339,283. The company has a market capitalization of $3.04 billion, a P/E ratio of 16.62, a P/E/G ratio of 3.99 and a beta of 1.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The business has a 50 day moving average of $39.97 and a 200 day moving average of $39.41. Atmus Filtration Technologies Inc. has a 1-year low of $25.51 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. Research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

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

Atmus Filtration Technologies Company 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.