Atmus Filtration Technologies Inc. (NYSE:ATMU) Position Reduced by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC reduced its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 34.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 736,490 shares of the company’s stock after selling 390,060 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.89% of Atmus Filtration Technologies worth $27,640,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Atmus Filtration Technologies in the second quarter valued at $29,000. GAMMA Investing LLC boosted its position in shares of Atmus Filtration Technologies by 89.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after purchasing an additional 774 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Atmus Filtration Technologies in the 2nd quarter worth approximately $68,000. KBC Group NV lifted its stake in Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Atmus Filtration Technologies during the second quarter worth approximately $115,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on ATMU. Robert W. Baird increased their price objective 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. Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $42.00 to $45.00 in a report on Monday, November 11th. JPMorgan Chase & Co. raised 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. Finally, Northland Securities raised their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $44.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $42.86 on Wednesday. Atmus Filtration Technologies Inc. has a 52 week low of $21.09 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 company has a market capitalization of $3.56 billion, a PE ratio of 19.93, a PEG ratio of 4.75 and a beta of 1.69. The company’s 50 day moving average price is $40.50 and its 200 day moving average price is $34.54.

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

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is 9.30%.

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.