Atmus Filtration Technologies Inc. (NYSE:ATMU) Stake Lowered by Wolverine Asset Management LLC

Wolverine Asset Management LLC cut its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 75.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,000 shares of the company's stock after selling 102,000 shares during the period. Wolverine Asset Management LLC's holdings in Atmus Filtration Technologies were worth $1,238,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ATMU. Vanguard Group Inc. lifted its position in shares of Atmus Filtration Technologies by 366.5% during the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company's stock worth $260,601,000 after purchasing an additional 6,348,391 shares during the last quarter. Boston Partners bought a new position in Atmus Filtration Technologies in the first quarter worth about $27,102,000. Bayberry Capital Partners LP bought a new position in Atmus Filtration Technologies in the first quarter worth about $25,800,000. Renaissance Technologies LLC bought a new position in Atmus Filtration Technologies in the second quarter worth about $17,743,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Atmus Filtration Technologies by 38.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company's stock worth $67,355,000 after acquiring an additional 583,078 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty acquired 5,849 shares of the stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the transaction, the director now owns 19,882 shares in the company, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

Atmus Filtration Technologies Price Performance

NYSE:ATMU traded up $1.01 during midday trading on Wednesday, hitting $43.57. 911,552 shares of the stock were exchanged, compared to its average volume of 1,840,200. Atmus Filtration Technologies Inc. has a one year low of $20.05 and a one year high of $44.66. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 4.79 and a beta of 1.68. The business has a 50-day moving average price of $38.02 and a two-hundred day moving average price of $33.15. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.09. The company had revenue of $404.00 million for the quarter, compared to analysts' expectations of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The firm's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.37 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be issued a $0.05 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Atmus Filtration Technologies's dividend payout ratio is currently 9.30%.

Wall Street Analyst Weigh In

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

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.