Thompson Siegel & Walmsley LLC Cuts Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Thompson Siegel & Walmsley LLC cut its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 23.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,964 shares of the company’s stock after selling 67,857 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Atmus Filtration Technologies were worth $8,293,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Atmus Filtration Technologies by 366.5% in the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after acquiring an additional 6,348,391 shares during the last quarter. Boston Partners purchased a new position in shares of Atmus Filtration Technologies in the first quarter worth about $27,102,000. Bayberry Capital Partners LP acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter worth approximately $25,800,000. Renaissance Technologies LLC purchased a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth $17,743,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Atmus Filtration Technologies by 38.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after purchasing an additional 583,078 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ATMU. Wells Fargo & Company cut shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $42.00 to $45.00 in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Northland Securities boosted their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $43.80 on Friday. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 4.68 and a beta of 1.68. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The business has a 50-day moving average of $39.16 and a 200 day moving average of $33.67. Atmus Filtration Technologies Inc. has a 12 month low of $21.09 and a 12 month high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same quarter last year, the firm posted $0.52 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 0.46%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.30%.

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.