Kennedy Capital Management LLC Trims Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Kennedy Capital Management LLC lowered its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 438,152 shares of the company’s stock after selling 62,449 shares during the quarter. Kennedy Capital Management LLC owned about 0.53% of Atmus Filtration Technologies worth $17,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Atmus Filtration Technologies by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after buying an additional 21,687 shares during the period. Norges Bank purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at about $8,839,000. Assenagon Asset Management S.A. purchased a new stake in Atmus Filtration Technologies in the fourth quarter worth about $14,877,000. Geode Capital Management LLC grew its holdings in Atmus Filtration Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock worth $71,123,000 after purchasing an additional 39,710 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Atmus Filtration Technologies in the third quarter worth about $552,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 12.4 %

Shares of NYSE ATMU opened at $35.58 on Thursday. The firm’s 50 day moving average price is $37.90 and its 200-day moving average price is $39.61. The company has a market cap of $2.94 billion, a PE ratio of 16.10, a P/E/G ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 52-week low of $27.62 and a 52-week 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.

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, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATMU. JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Wells Fargo & Company cut 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 report on Monday, February 24th. Finally, Robert W. Baird cut their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

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.