Nuveen Asset Management LLC Sells 139,509 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Nuveen Asset Management LLC lessened its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,855,185 shares of the company's stock after selling 139,509 shares during the quarter. Nuveen Asset Management LLC owned approximately 2.23% of Atmus Filtration Technologies worth $72,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC grew its holdings in shares of Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after purchasing an additional 876 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock worth $54,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Atmus Filtration Technologies by 70.9% during the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock worth $78,000 after purchasing an additional 827 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

ATMU stock traded down $0.12 during trading on Friday, hitting $36.54. The company had a trading volume of 2,283,660 shares, compared to its average volume of 900,163. The company has a fifty day moving average price of $35.74 and a two-hundred day moving average price of $38.91. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company has a market cap of $3.02 billion, a P/E ratio of 16.54, a P/E/G ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $0.63 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 business had revenue of $110.50 million for the quarter, compared to analyst estimates of $424.03 million. During the same quarter in the previous year, the firm earned $0.60 EPS. Atmus Filtration Technologies's quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be given a $0.05 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $0.20 annualized dividend and a yield of 0.55%. Atmus Filtration Technologies's payout ratio is 9.05%.

Analysts Set New Price Targets

ATMU has been the topic of several recent analyst reports. Robert W. Baird decreased their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company boosted their price target 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.

Atmus Filtration Technologies 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.