Barclays PLC Sells 365,260 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Barclays PLC trimmed its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 70.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 154,007 shares of the company's stock after selling 365,260 shares during the period. Barclays PLC owned approximately 0.19% of Atmus Filtration Technologies worth $6,034,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA raised its stake in shares of Atmus Filtration Technologies by 7.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,249,812 shares of the company's stock valued at $48,968,000 after acquiring an additional 81,502 shares during the last quarter. Invesco Ltd. increased its holdings in Atmus Filtration Technologies by 806.1% during the 4th quarter. Invesco Ltd. now owns 1,167,382 shares of the company's stock valued at $45,738,000 after purchasing an additional 1,038,541 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Atmus Filtration Technologies by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company's stock valued at $29,522,000 after purchasing an additional 40,352 shares during the last quarter. Boston Partners boosted its stake in Atmus Filtration Technologies by 1.6% in the fourth quarter. Boston Partners now owns 745,235 shares of the company's stock worth $29,572,000 after purchasing an additional 11,819 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth $26,152,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ATMU. JPMorgan Chase & Co. cut their price target on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Robert W. Baird dropped 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. Finally, Wells Fargo & Company decreased their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th.

Atmus Filtration Technologies Trading Up 2.7 %

NYSE:ATMU traded up $0.95 on Thursday, hitting $35.62. 449,378 shares of the stock were exchanged, compared to its average volume of 954,430. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. 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 capitalization of $2.94 billion, a price-to-earnings ratio of 16.14, a P/E/G ratio of 3.99 and a beta of 1.78. The company's 50-day moving average price is $35.94 and its 200 day moving average price is $39.16.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. On average, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

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.