Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,640 shares of the company’s stock after selling 1,649 shares during the quarter. Cerity Partners LLC’s holdings in Atmus Filtration Technologies were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in shares of Atmus Filtration Technologies by 3.3% during the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company’s stock worth $396,000 after purchasing an additional 326 shares during the period. Franklin Resources Inc. grew its stake in Atmus Filtration Technologies by 1.7% during the fourth quarter. Franklin Resources Inc. now owns 28,712 shares of the company’s stock worth $1,125,000 after buying an additional 476 shares during the period. Jag Capital Management LLC increased its position in shares of Atmus Filtration Technologies by 8.1% in the fourth quarter. Jag Capital Management LLC now owns 7,653 shares of the company’s stock worth $300,000 after acquiring an additional 571 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at $26,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock valued at $104,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Robert W. Baird dropped their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, Wells Fargo & Company decreased their price target 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.

Atmus Filtration Technologies Stock Up 0.4 %

Shares of NYSE ATMU opened at $33.28 on Thursday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 1 year low of $27.62 and a 1 year high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The stock’s 50-day simple moving average is $36.42 and its 200-day simple moving average is $39.31.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. As a group, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

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.