Jacobs Levy Equity Management Inc. Sells 357,934 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Jacobs Levy Equity Management Inc. lessened its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,805,828 shares of the company's stock after selling 357,934 shares during the period. Jacobs Levy Equity Management Inc. owned about 2.17% of Atmus Filtration Technologies worth $70,752,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ATMU. Geneos Wealth Management Inc. bought a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $26,000. New Age Alpha Advisors LLC bought a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC lifted its stake in shares of Atmus Filtration Technologies by 333.1% in the fourth 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. Tower Research Capital LLC TRC lifted its stake in shares of Atmus Filtration Technologies by 295.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after buying an additional 1,022 shares during the period. Finally, Quarry LP lifted its stake in shares of Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after buying an additional 827 shares during the period. Institutional investors own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ATMU. Robert W. Baird reduced 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 raised 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 research note on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th.

Atmus Filtration Technologies Price Performance

ATMU traded down $0.44 during midday trading on Wednesday, reaching $38.38. 563,643 shares of the company's stock were exchanged, compared to its average volume of 903,241. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The business has a 50-day simple moving average of $35.64 and a two-hundred day simple moving average of $38.98.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company's revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. As a group, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. 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.