AQR Capital Management LLC Sells 40,054 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

AQR Capital Management LLC trimmed its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,568 shares of the company's stock after selling 40,054 shares during the quarter. AQR Capital Management LLC owned 0.26% of Atmus Filtration Technologies worth $8,485,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new stake in Atmus Filtration Technologies in the 4th quarter valued at $26,000. New Age Alpha Advisors LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC grew its position in Atmus Filtration Technologies by 333.1% during the 4th 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 last quarter. Tower Research Capital LLC TRC increased its holdings in Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Quarry LP raised its position in Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after purchasing an additional 827 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock traded up $1.61 during mid-day trading on Monday, reaching $37.88. 129,100 shares of the company were exchanged, compared to its average volume of 903,033. The company has a fifty day simple moving average of $35.57 and a 200-day simple moving average of $38.99. The firm has a market cap of $3.13 billion, a PE ratio of 17.05, a PEG ratio of 3.99 and a beta of 1.81. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $424.03 million. During the same period last year, the firm posted $0.60 earnings per share. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Analyst Upgrades and Downgrades

ATMU has been the subject of a number of recent research reports. Robert W. Baird dropped their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on 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 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.