Legal & General Group Plc Cuts Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Legal & General Group Plc lessened its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 6.8% during the fourth quarter, Holdings Channel reports. The firm owned 93,717 shares of the company’s stock after selling 6,808 shares during the period. Legal & General Group Plc’s holdings in Atmus Filtration Technologies were worth $3,672,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ATMU. Invesco Ltd. boosted its holdings in Atmus Filtration Technologies by 806.1% in the fourth quarter. Invesco Ltd. now owns 1,167,382 shares of the company’s stock valued at $45,738,000 after acquiring an additional 1,038,541 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at about $26,152,000. Assenagon Asset Management S.A. purchased a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth about $14,877,000. Arrowstreet Capital Limited Partnership increased its position in Atmus Filtration Technologies by 2,022.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company’s stock worth $13,195,000 after purchasing an additional 320,917 shares in the last quarter. Finally, Norges Bank purchased a new position in Atmus Filtration Technologies in the fourth quarter valued at approximately $8,839,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $33.10 on Wednesday. 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 firm’s fifty day moving average price is $36.56 and its 200 day moving average price is $39.35. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 3.99 and a beta of 1.78. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut 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 research note on Monday, February 24th. JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $46.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, Robert W. Baird lowered their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 24th.

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.