Atmus Filtration Technologies Inc. (NYSE:ATMU) Holdings Decreased by Ancora Advisors LLC

Ancora Advisors LLC cut its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 362,485 shares of the company's stock after selling 12,810 shares during the quarter. Ancora Advisors LLC owned approximately 0.44% of Atmus Filtration Technologies worth $14,202,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new position in Atmus Filtration Technologies in the 3rd quarter worth $552,000. JPMorgan Chase & Co. raised its stake in Atmus Filtration Technologies by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock worth $10,737,000 after acquiring an additional 21,687 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $14,877,000. Nisa Investment Advisors LLC lifted its holdings in Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after acquiring an additional 876 shares during the period. Finally, Geneos Wealth Management Inc. bought a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at approximately $26,000. 32.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on ATMU shares. JPMorgan Chase & Co. increased their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday. Wells Fargo & Company increased their price target on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Robert W. Baird reduced their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock traded up $1.07 during midday trading on Thursday, reaching $36.65. The company's stock had a trading volume of 242,557 shares, compared to its average volume of 908,354. The business has a 50-day moving average price of $35.62 and a 200-day moving average price of $39.03. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. The stock has a market cap of $3.03 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. 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 (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $110.50 million for the quarter, compared to the consensus estimate of $424.03 million. During the same quarter last year, the business posted $0.60 earnings per share. The company's revenue for the quarter was down 2.3% on a year-over-year basis. On average, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's 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.