Moody Aldrich Partners LLC Decreases Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Moody Aldrich Partners LLC cut its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,154 shares of the company’s stock after selling 2,963 shares during the period. Moody Aldrich Partners LLC owned about 0.19% of Atmus Filtration Technologies worth $5,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of Atmus Filtration Technologies by 7.9% during the fourth quarter. Wellington Management Group LLP now owns 828,045 shares of the company’s stock worth $19,451,000 after buying an additional 60,714 shares in the last quarter. GAMMA Investing LLC grew its holdings in Atmus Filtration Technologies by 103.8% during the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after acquiring an additional 442 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter worth about $26,000. Deltec Asset Management LLC bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter worth about $1,290,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Atmus Filtration Technologies by 99.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock valued at $31,387,000 after purchasing an additional 484,420 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty purchased 5,849 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the purchase, the director now owns 19,882 shares of the company’s stock, valued at $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Atmus Filtration Technologies news, Director Stephen E. Macadam bought 8,250 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $31.56 per share, with a total value of $260,370.00. Following the purchase, the director now directly owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gretchen R. Haggerty purchased 5,849 shares of Atmus Filtration Technologies stock in a transaction on Friday, August 23rd. The shares were acquired at an average price of $34.20 per share, with a total value of $200,035.80. Following the transaction, the director now directly owns 19,882 shares in the company, valued at $679,964.40. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by company insiders.

Atmus Filtration Technologies Stock Performance

ATMU stock traded up $0.07 during midday trading on Thursday, reaching $39.09. The company had a trading volume of 91,453 shares, compared to its average volume of 1,900,807. The firm has a market capitalization of $3.26 billion, a PE ratio of 19.91, a P/E/G ratio of 4.40 and a beta of 1.75. The stock has a 50 day moving average price of $36.27 and a 200 day moving average price of $32.29. Atmus Filtration Technologies Inc. has a fifty-two week low of $18.21 and a fifty-two week high of $40.29. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. The firm had revenue of $432.60 million during the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. Analysts anticipate that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Thursday, October 31st will be given a $0.05 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 0.51%. Atmus Filtration Technologies’s dividend payout ratio is presently 10.20%.

Wall Street Analyst Weigh In

ATMU has been the subject of a number of research reports. Northland Securities lifted their price target on Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Robert W. Baird lifted their target price on Atmus Filtration Technologies from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Wells Fargo & Company boosted their price target on Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Buy” and an average 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.