Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC lessened its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 36.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,387 shares of the company's stock after selling 229,548 shares during the period. Driehaus Capital Management LLC owned 0.48% of Atmus Filtration Technologies worth $15,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of Atmus Filtration Technologies by 3.3% in the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after buying an additional 326 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Atmus Filtration Technologies by 3.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company's stock worth $343,000 after buying an additional 330 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Atmus Filtration Technologies by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 28,712 shares of the company's stock valued at $1,125,000 after purchasing an additional 476 shares in the last quarter. Jag Capital Management LLC grew its stake in Atmus Filtration Technologies by 8.1% during the fourth quarter. Jag Capital Management LLC now owns 7,653 shares of the company's stock worth $300,000 after buying an additional 571 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Trading Down 0.3%

Shares of NYSE:ATMU traded down $0.12 during midday trading on Wednesday, hitting $38.70. 211,833 shares of the stock were exchanged, compared to its average volume of 831,647. 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 12 month low of $27.62 and a 12 month high of $45.43. The business's 50-day moving average price is $35.63 and its 200 day moving average price is $38.98. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results 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 quarter in the previous year, the firm posted $0.60 EPS. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. Analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. Atmus Filtration Technologies's payout ratio is presently 9.05%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ATMU. JPMorgan Chase & Co. increased their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. 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 report on Monday, February 24th. Finally, Wells Fargo & Company increased their price target on 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.

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.