Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. cut its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 55.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,326 shares of the company’s stock after selling 11,720 shares during the period. Fox Run Management L.L.C.’s holdings in Atmus Filtration Technologies were worth $365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Atmus Filtration Technologies during the 4th quarter worth $26,152,000. Assenagon Asset Management S.A. acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $14,877,000. The Manufacturers Life Insurance Company lifted its stake 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 worth $47,537,000 after buying an additional 272,890 shares in the last quarter. Verition Fund Management LLC boosted its position in Atmus Filtration Technologies by 2,909.5% during the third quarter. Verition Fund Management LLC now owns 273,688 shares of the company’s stock worth $10,272,000 after acquiring an additional 264,594 shares during the last quarter. Finally, Beaconlight Capital LLC grew its stake in Atmus Filtration Technologies by 488.2% during the 3rd quarter. Beaconlight Capital LLC now owns 304,548 shares of the company’s stock valued at $11,430,000 after acquiring an additional 252,770 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATMU has been the topic of a number of research reports. Wells Fargo & Company decreased their target price 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 on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their target price on Atmus Filtration Technologies from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.40.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $38.05 on Thursday. The stock has a market cap of $3.17 billion, a price-to-earnings 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 current ratio of 2.11 and a quick ratio of 1.35. The firm has a 50 day simple moving average of $39.62 and a 200-day simple moving average of $39.67. Atmus Filtration Technologies Inc. has a 1-year low of $27.62 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $399.24 million. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.53%. Atmus Filtration Technologies’s payout ratio is currently 9.05%.

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.