Bank of America Corp DE Has $29.43 Million Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Bank of America Corp DE cut its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 751,104 shares of the company's stock after selling 30,799 shares during the quarter. Bank of America Corp DE owned 0.90% of Atmus Filtration Technologies worth $29,428,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $8,839,000. Assenagon Asset Management S.A. acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $14,877,000. LPL Financial LLC grew its holdings in shares of 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 last quarter. AlphaQuest LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter worth $502,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Atmus Filtration Technologies by 72.4% in the 4th quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock worth $20,703,000 after acquiring an additional 221,853 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ATMU shares. Wells Fargo & Company lifted their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Robert W. Baird decreased their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th.

Atmus Filtration Technologies Stock Down 0.3%

Shares of Atmus Filtration Technologies stock traded down $0.12 during midday trading on Friday, hitting $36.54. The company's stock had a trading volume of 2,283,660 shares, compared to its average volume of 900,163. The firm has a market capitalization of $3.02 billion, a P/E ratio of 16.54, a PEG ratio of 3.99 and a beta of 1.81. The stock has a 50-day simple moving average of $35.74 and a 200-day simple moving average of $38.91. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released 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. The firm had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. As a group, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. Atmus Filtration Technologies's payout ratio 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.