Atmus Filtration Technologies Inc. (NYSE:ATMU) Holdings Trimmed by Man Group plc

Man Group plc lowered its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 42.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,954 shares of the company’s stock after selling 8,926 shares during the period. Man Group plc’s holdings in Atmus Filtration Technologies were worth $468,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ATMU. Nisa Investment Advisors LLC boosted its stake in shares of Atmus Filtration Technologies by 333.1% during the 4th 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 period. Geneos Wealth Management Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at $26,000. KBC Group NV boosted its stake in shares of Atmus Filtration Technologies by 67.9% during the 4th quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after buying an additional 1,646 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Atmus Filtration Technologies by 403.3% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 75,500 shares of the company’s stock valued at $2,958,000 after buying an additional 60,500 shares during the period. Finally, Rhumbline Advisers boosted its stake in shares of Atmus Filtration Technologies by 2.1% during the 4th quarter. Rhumbline Advisers now owns 115,176 shares of the company’s stock valued at $4,513,000 after buying an additional 2,375 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ATMU shares. Robert W. Baird decreased 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 lifted their price objective on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 5th.

Atmus Filtration Technologies Stock Down 0.3%

ATMU stock opened at $36.54 on Tuesday. 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 1 year low of $27.62 and a 1 year high of $45.43. The company has a fifty day simple moving average of $35.70 and a 200 day simple moving average of $38.82. The firm has a market cap of $3.02 billion, a PE ratio of 16.54, a PEG ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. During the same quarter in the previous year, the business earned $0.60 EPS. Atmus Filtration Technologies’s quarterly revenue was down 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, June 3rd. Atmus Filtration Technologies’s dividend payout ratio is 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.