Corebridge Financial Inc. Has $1.63 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Corebridge Financial Inc. trimmed its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,661 shares of the company’s stock after selling 3,145 shares during the quarter. Corebridge Financial Inc. owned about 0.05% of Atmus Filtration Technologies worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies in the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC lifted its position in shares of Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after acquiring an additional 876 shares during the period. Daiwa Securities Group Inc. boosted its stake in Atmus Filtration Technologies by 43.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 2,660 shares of the company’s stock worth $104,000 after acquiring an additional 800 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Atmus Filtration Technologies in the fourth quarter worth $104,000. Finally, KBC Group NV increased its stake in Atmus Filtration Technologies by 67.9% in the fourth quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after purchasing an additional 1,646 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $37.92 on Thursday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 3.99 and a beta of 1.83. 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 Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The firm’s 50-day simple moving average is $39.12 and its 200 day simple moving average is $39.77.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $406.70 million for the quarter, compared to analysts’ expectations of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. As a group, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently declared 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s payout ratio is currently 9.05%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ATMU shares. Wells Fargo & Company reduced their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, March 27th. Finally, Robert W. Baird lowered their target price 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 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, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average price target of $42.80.

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.