Victory Capital Management Inc. Has $26.44 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Victory Capital Management Inc. lowered its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 34.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 674,773 shares of the company’s stock after selling 352,651 shares during the quarter. Victory Capital Management Inc.’s holdings in Atmus Filtration Technologies were worth $26,438,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $26,000. Nisa Investment Advisors LLC boosted its holdings in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares in the last quarter. KBC Group NV boosted its holdings in shares of Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares in the last quarter. Ieq Capital LLC acquired a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at $242,000. Finally, Prospera Financial Services Inc acquired a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at $246,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ATMU has been the topic of a number of research analyst reports. Northland Securities raised their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company reduced their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Finally, Robert W. Baird reduced their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Atmus Filtration Technologies Trading Down 0.5 %

NYSE ATMU opened at $37.63 on Tuesday. 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 twelve month low of $23.36 and a twelve month high of $45.43. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 17.03, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. The business’s fifty day moving average is $40.11 and its 200 day moving average is $39.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. As a group, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.53%. The ex-dividend date is Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

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.