Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Man Group plc

Man Group plc lowered its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,954 shares of the company's stock after selling 8,926 shares during the quarter. Man Group plc's holdings in Atmus Filtration Technologies were worth $468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $8,839,000. LPL Financial LLC boosted its holdings in Atmus Filtration Technologies by 3.3% in the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after acquiring an additional 326 shares during the period. Millennium Management LLC boosted its holdings in Atmus Filtration Technologies by 91.1% in the 4th quarter. Millennium Management LLC now owns 186,912 shares of the company's stock worth $7,323,000 after acquiring an additional 89,107 shares during the period. AlphaQuest LLC purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at approximately $502,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Atmus Filtration Technologies by 72.4% during the 4th quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock valued at $20,703,000 after buying an additional 221,853 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Robert W. Baird reduced their target price on 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 increased their target price 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. JPMorgan Chase & Co. raised 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. Finally, The Goldman Sachs Group cut Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective on the stock. in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.40.

Atmus Filtration Technologies Stock Performance

ATMU traded down $0.25 during trading hours on Thursday, hitting $36.14. 414,700 shares of the stock were exchanged, compared to its average volume of 896,418. The stock has a 50-day simple moving average of $35.65 and a 200-day simple moving average of $38.79. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth 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 (NYSE:ATMU - Get Free Report) last issued its earnings results 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. 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 analyst estimates of $424.03 million. During the same period last year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. Analysts anticipate 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 will be paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio (DPR) 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.