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

Thompson Siegel & Walmsley LLC decreased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 23.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 220,964 shares of the company’s stock after selling 67,857 shares during the period. Thompson Siegel & Walmsley LLC owned 0.27% of Atmus Filtration Technologies worth $8,293,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quarry LP purchased a new position in Atmus Filtration Technologies in the second quarter valued at about $29,000. GAMMA Investing LLC lifted its position in Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after acquiring an additional 774 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Atmus Filtration Technologies in the second quarter valued at approximately $68,000. 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 last quarter. Finally, nVerses Capital LLC purchased a new position in Atmus Filtration Technologies in the second quarter worth $115,000. Institutional investors own 32.73% of the company’s stock.

Analyst Ratings Changes

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

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $43.80 on Friday. The company has a 50 day simple moving average of $39.16 and a two-hundred day simple moving average of $33.67. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 4.68 and a beta of 1.68. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 12 month low of $21.09 and a 12 month high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.61 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 analyst estimates 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 was up 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. As a group, analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

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

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.