Wellington Management Group LLP Sells 569,699 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Wellington Management Group LLP lowered its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,947,639 shares of the company's stock after selling 569,699 shares during the quarter. Wellington Management Group LLP owned about 2.34% of Atmus Filtration Technologies worth $76,308,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies during the 4th quarter worth about $26,000. New Age Alpha Advisors LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $32,000. Nisa Investment Advisors LLC increased its stake in 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 raised its holdings in 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 buying an additional 1,022 shares during the period. Finally, Quarry LP boosted its holdings in shares of Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after buying an additional 827 shares during the period. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock traded down $0.19 on Monday, hitting $35.84. The stock had a trading volume of 730,335 shares, compared to its average volume of 889,991. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The business's 50 day moving average is $35.56 and its two-hundred day moving average is $38.63. Atmus Filtration Technologies Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued 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 business had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business's revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. Analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Tuesday, June 3rd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 9.05%.

Analysts Set New Price Targets

ATMU has been the topic of a number of research reports. 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 report on Monday, May 5th. Robert W. Baird lowered their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. upped 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 shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price for the company. in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.40.

About Atmus Filtration Technologies

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.