Wolverine Trading LLC Sells 20,066 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Wolverine Trading LLC cut its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 78.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,507 shares of the company's stock after selling 20,066 shares during the quarter. Wolverine Trading LLC's holdings in Atmus Filtration Technologies were worth $213,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth about $8,839,000. Millennium Management LLC boosted its stake in shares of Atmus Filtration Technologies by 91.1% in the fourth quarter. Millennium Management LLC now owns 186,912 shares of the company's stock worth $7,323,000 after acquiring an additional 89,107 shares during the last quarter. LPL Financial LLC boosted its position in Atmus Filtration Technologies by 3.3% during the fourth 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 purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $502,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Atmus Filtration Technologies by 72.4% during the 4th quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock worth $20,703,000 after buying an additional 221,853 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Trading Down 1.0%

Shares of NYSE ATMU traded down $0.38 during midday trading on Wednesday, hitting $36.22. The stock had a trading volume of 384,323 shares, compared to its average volume of 880,338. 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. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 3.99 and a beta of 1.81. The company has a fifty day moving average price of $35.47 and a 200 day moving average price of $38.55.

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, beating analysts' consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. During the same period in the prior year, the company posted $0.60 EPS. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. On average, analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ATMU shares. JPMorgan Chase & Co. boosted their price target on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a research report on Tuesday, May 27th. Robert W. Baird dropped their price objective 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. Finally, Wells Fargo & Company upped their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.