US Bancorp DE Sells 6,805 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

US Bancorp DE lessened its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 47.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,436 shares of the company’s stock after selling 6,805 shares during the period. US Bancorp DE’s holdings in Atmus Filtration Technologies were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ATMU. Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies in the 4th quarter valued at $26,000. Nisa Investment Advisors LLC increased its position in Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after buying an additional 876 shares during the period. KBC Group NV increased its position in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares during the period. Ieq Capital LLC bought a new position in Atmus Filtration Technologies during the 4th quarter worth $242,000. Finally, Prospera Financial Services Inc bought a new position in Atmus Filtration Technologies during the 3rd quarter worth $246,000. Institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ATMU shares. Wells Fargo & Company lowered their price objective 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. Robert W. Baird lowered 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. One 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Atmus Filtration Technologies Stock Performance

ATMU opened at $35.75 on Friday. The firm has a market cap of $2.96 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies Inc. has a 52-week low of $25.51 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. The business’s fifty day moving average is $39.97 and its 200-day moving average is $39.41.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.05%.

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.