Jefferies Financial Group Inc. Decreases Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Key Points

• Jefferies Financial Group Inc. sold 30.1% of its holdings in Atmus Filtration Technologies, reducing its shares to 135,000, valued at approximately $4.96 million.
• Analysts have mixed views on Atmus, with Goldman Sachs lowering its rating from "buy" to "neutral" and setting a price target of $39.00, while JPMorgan increased their target to $41.00.
• Atmus Filtration Technologies announced a quarterly dividend of $0.05 per share, representing an annualized yield of 0.5%, with a low payout ratio of 9.05%.

Jefferies Financial Group Inc. lessened its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 30.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,000 shares of the company's stock after selling 58,000 shares during the quarter. Jefferies Financial Group Inc. owned 0.16% of Atmus Filtration Technologies worth $4,959,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Atmus Filtration Technologies by 6.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,439 shares of the company's stock valued at $898,000 after purchasing an additional 1,411 shares during the last quarter. TD Asset Management Inc increased its holdings in Atmus Filtration Technologies by 6.1% in the first quarter. TD Asset Management Inc now owns 55,808 shares of the company's stock valued at $2,050,000 after purchasing an additional 3,208 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Atmus Filtration Technologies in the first quarter valued at $4,384,000. GW&K Investment Management LLC grew its holdings in Atmus Filtration Technologies by 2.0% during the 1st quarter. GW&K Investment Management LLC now owns 467,725 shares of the company's stock worth $17,180,000 after acquiring an additional 9,207 shares during the period. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Atmus Filtration Technologies during the 1st quarter worth about $876,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Analyst Ratings Changes

ATMU has been the subject of several analyst reports. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a research report on Tuesday, May 27th. Finally, Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.80.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU traded down $0.45 during trading hours on Wednesday, reaching $37.63. The company had a trading volume of 506,034 shares, compared to its average volume of 775,905. The firm's 50 day moving average price is $37.06 and its 200-day moving average price is $37.37. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 4.72 and a beta of 1.64. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 2.12. Atmus Filtration Technologies Inc. has a 52 week low of $30.68 and a 52 week high of $45.43.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.5%. 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.