Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Holdings Trimmed by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 3.8% in the third quarter, HoldingsChannel reports. The fund owned 362,228 shares of the company’s stock after selling 14,185 shares during the period. Loomis Sayles & Co. L P’s holdings in Atmus Filtration Technologies were worth $13,594,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Atmus Filtration Technologies by 366.5% in the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after purchasing an additional 6,348,391 shares during the period. Boston Partners acquired a new stake in shares of Atmus Filtration Technologies in the 1st quarter worth approximately $27,102,000. Renaissance Technologies LLC bought a new position in shares of Atmus Filtration Technologies in the second quarter valued at approximately $17,743,000. Price T Rowe Associates Inc. MD increased its stake in shares of Atmus Filtration Technologies by 38.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock valued at $67,355,000 after acquiring an additional 583,078 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in Atmus Filtration Technologies during the third quarter worth approximately $21,635,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Down 0.8 %

Shares of NYSE ATMU opened at $43.72 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 12 month low of $21.09 and a 12 month high of $45.43. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 4.84 and a beta of 1.68. The business has a fifty day simple moving average of $39.85 and a 200-day simple moving average of $34.09.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is 9.30%.

Wall Street Analysts Forecast Growth

ATMU has been the topic of several research analyst reports. Robert W. Baird lifted their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Northland Securities lifted their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $42.00 to $45.00 in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average price target of $44.80.

About Atmus Filtration Technologies

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.