Anchor Capital Advisors LLC Reduces Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Anchor Capital Advisors LLC lowered its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,816 shares of the company’s stock after selling 8,327 shares during the period. Anchor Capital Advisors LLC owned about 0.07% of Atmus Filtration Technologies worth $2,304,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies during the 4th quarter worth $26,000. Nisa Investment Advisors LLC grew its stake in Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares in the last quarter. KBC Group NV grew its stake in Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after purchasing an additional 718 shares in the last quarter. Ieq Capital LLC bought a new stake in Atmus Filtration Technologies in the fourth quarter valued at about $242,000. Finally, Prospera Financial Services Inc acquired a new stake in Atmus Filtration Technologies during the third quarter valued at approximately $246,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $39.90 on Friday. Atmus Filtration Technologies Inc. has a 1-year low of $22.81 and a 1-year high of $45.43. The firm has a market capitalization of $3.31 billion, a PE ratio of 18.05, a P/E/G ratio of 3.99 and a beta of 1.80. 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’s fifty day moving average price is $40.30 and its two-hundred day moving average price is $39.17.

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 the consensus estimate 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 firm had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. On average, research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. 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 note on Monday, February 24th. Wells Fargo & Company dropped 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 report on Monday, February 24th. Finally, Northland Securities lifted their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

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.