Ameriprise Financial Inc. Sells 8,137 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Ameriprise Financial Inc. decreased its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,021 shares of the company's stock after selling 8,137 shares during the period. Ameriprise Financial Inc. owned approximately 0.40% of Atmus Filtration Technologies worth $13,087,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. purchased a new position in Atmus Filtration Technologies in the 4th quarter worth $63,949,000. Invesco Ltd. increased its holdings in shares of Atmus Filtration Technologies by 806.1% in the fourth quarter. Invesco Ltd. now owns 1,167,382 shares of the company's stock worth $45,738,000 after buying an additional 1,038,541 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $26,152,000. Assenagon Asset Management S.A. bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at about $14,877,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Atmus Filtration Technologies by 2,022.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company's stock valued at $13,195,000 after acquiring an additional 320,917 shares during the period. Institutional investors own 32.73% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on ATMU shares. JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Robert W. Baird lowered their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company increased their price target 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.

Atmus Filtration Technologies Trading Down 1.4%

ATMU traded down $0.53 during midday trading on Wednesday, reaching $37.74. 977,154 shares of the company's stock traded hands, compared to its average volume of 896,043. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The firm has a fifty day moving average of $35.74 and a two-hundred day moving average of $38.95. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $110.50 million for the quarter, compared to analysts' expectations of $424.03 million. During the same period in the previous year, the firm earned $0.60 earnings per share. The business's revenue was down 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 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.