American Century Companies Inc. Reduces Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

American Century Companies Inc. trimmed its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 22.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,256,404 shares of the company’s stock after selling 364,737 shares during the quarter. American Century Companies Inc. owned approximately 1.51% of Atmus Filtration Technologies worth $49,226,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Parsifal Capital Management LP raised its stake in shares of Atmus Filtration Technologies by 2.2% during the 3rd quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock worth $102,130,000 after buying an additional 58,478 shares during the last quarter. Wellington Management Group LLP increased its holdings in Atmus Filtration Technologies by 1.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company’s stock valued at $94,476,000 after acquiring an additional 43,004 shares in the last quarter. Geode Capital Management LLC raised its position in Atmus Filtration Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock worth $71,123,000 after acquiring an additional 39,710 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Atmus Filtration Technologies by 27.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after purchasing an additional 272,890 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Atmus Filtration Technologies by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company’s stock valued at $29,522,000 after purchasing an additional 40,352 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Down 0.9 %

Shares of NYSE ATMU opened at $38.05 on Thursday. The firm has a market cap of $3.17 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a 1 year low of $27.62 and a 1 year high of $45.43. The firm’s 50 day moving average price is $39.62 and its 200 day moving average price is $39.67.

Atmus Filtration Technologies (NYSE:ATMU) last issued 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. The company had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. As a group, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.05%.

Analyst Ratings Changes

ATMU has been the subject of several research reports. Robert W. Baird cut 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. Wells Fargo & Company cut their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their price objective on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $42.40.

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.