Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lessened its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,005 shares of the company’s stock after selling 1,258 shares during the quarter. United Capital Financial Advisors LLC’s holdings in Atmus Filtration Technologies were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at $26,000. New Age Alpha Advisors LLC acquired a new stake in Atmus Filtration Technologies during the 4th quarter valued at approximately $32,000. Nisa Investment Advisors LLC increased its stake in shares of Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after buying an additional 876 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Atmus Filtration Technologies by 43.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after purchasing an additional 800 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Atmus Filtration Technologies during the fourth quarter valued at approximately $104,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

NYSE:ATMU opened at $33.34 on Friday. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week high of $45.43. The business’s 50-day moving average price is $36.85 and its 200 day moving average price is $39.43. The firm has a market cap of $2.76 billion, a P/E ratio of 15.09, a PEG ratio of 3.99 and a beta of 1.78. 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 (NYSE:ATMU) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. As a group, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.60%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.05%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ATMU. Wells Fargo & Company dropped their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Monday, February 24th. Robert W. Baird reduced their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their target price on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th.

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.