Nuveen Asset Management LLC Cuts Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Nuveen Asset Management LLC lessened its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.0% in the 4th quarter, HoldingsChannel.com reports. 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’s holdings in Atmus Filtration Technologies were worth $72,686,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATMU. Eminence Capital LP grew its holdings in Atmus Filtration Technologies by 79.0% during the 4th quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock valued at $179,939,000 after buying an additional 2,027,617 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in Atmus Filtration Technologies during the 4th quarter valued at approximately $63,949,000. Invesco Ltd. grew its holdings in Atmus Filtration Technologies by 806.1% during the 4th quarter. Invesco Ltd. now owns 1,167,382 shares of the company’s stock valued at $45,738,000 after buying an additional 1,038,541 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Atmus Filtration Technologies during the 4th quarter valued at approximately $26,152,000. Finally, D. E. Shaw & Co. Inc. grew its holdings in Atmus Filtration Technologies by 44.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company’s stock valued at $74,879,000 after buying an additional 584,270 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $38.12 on Friday. The stock has a 50 day moving average price of $35.68 and a 200-day moving average price of $38.96. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $424.03 million. During the same quarter in the previous year, the business earned $0.60 EPS. Atmus Filtration Technologies’s revenue was down 2.3% compared to the same quarter last year. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is currently 9.05%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ATMU. Wells Fargo & Company lifted their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Robert W. Baird dropped their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, May 5th.

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.