Wellington Management Group LLP Has $76.31 Million Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Wellington Management Group LLP reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 22.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,947,639 shares of the company’s stock after selling 569,699 shares during the period. Wellington Management Group LLP’s holdings in Atmus Filtration Technologies were worth $76,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $26,152,000. Assenagon Asset Management S.A. acquired a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $14,877,000. Arrowstreet Capital Limited Partnership raised its position in shares of Atmus Filtration Technologies by 2,022.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company’s stock valued at $13,195,000 after purchasing an additional 320,917 shares during the period. Norges Bank acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter worth $8,839,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Atmus Filtration Technologies by 72.4% during the 4th quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company’s stock worth $20,703,000 after buying an additional 221,853 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock opened at $33.01 on Friday. 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 company has a market cap of $2.75 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. The firm has a fifty day moving average price of $38.75 and a two-hundred day moving average price of $39.72. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. Analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is presently 9.05%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ATMU. JPMorgan Chase & Co. lifted their target price 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 lowered their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, February 24th. Finally, 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price 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.