Massachusetts Financial Services Co. MA Sells 28,449 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Massachusetts Financial Services Co. MA reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,221,363 shares of the company's stock after selling 28,449 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.48% of Atmus Filtration Technologies worth $44,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ATMU. Hohimer Wealth Management LLC boosted its position in Atmus Filtration Technologies by 4.5% in the first quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company's stock valued at $333,000 after buying an additional 386 shares during the last quarter. Xponance Inc. raised its holdings in Atmus Filtration Technologies by 5.6% in the 1st quarter. Xponance Inc. now owns 6,792 shares of the company's stock valued at $249,000 after buying an additional 358 shares during the period. Cerity Partners LLC increased its stake in Atmus Filtration Technologies by 68.1% during the first quarter. Cerity Partners LLC now owns 12,844 shares of the company's stock worth $472,000 after purchasing an additional 5,204 shares during the period. Envestnet Asset Management Inc. raised its holdings in Atmus Filtration Technologies by 3.8% in the first quarter. Envestnet Asset Management Inc. now owns 45,361 shares of the company's stock valued at $1,666,000 after acquiring an additional 1,651 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Atmus Filtration Technologies by 3.5% in the first quarter. Teacher Retirement System of Texas now owns 122,388 shares of the company's stock valued at $4,495,000 after purchasing an additional 4,129 shares during the last quarter. Institutional investors own 32.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ATMU. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. The Goldman Sachs Group cut Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a report on Tuesday, May 27th. Finally, Wells Fargo & Company increased their target price on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU traded down $0.27 on Monday, reaching $37.41. 618,998 shares of the stock traded hands, compared to its average volume of 840,770. The stock's 50-day moving average price is $36.94 and its 200-day moving average price is $37.51. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.23 and a quick ratio of 1.46. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 4.67 and a beta of 1.64. Atmus Filtration Technologies Inc. has a 12 month low of $29.07 and a 12 month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data 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. The company 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 94.85% and a net margin of 11.14%. Atmus Filtration Technologies's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, June 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 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.