Nuveen Asset Management LLC Sells 139,509 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Nuveen Asset Management LLC decreased its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,855,185 shares of the company’s stock after selling 139,509 shares during the quarter. Nuveen Asset Management LLC owned approximately 2.23% of Atmus Filtration Technologies worth $72,686,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ATMU. Assenagon Asset Management S.A. bought a new position in Atmus Filtration Technologies in the fourth quarter valued at about $14,877,000. Nisa Investment Advisors LLC lifted its holdings in Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after acquiring an additional 876 shares during the period. Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies in the fourth quarter valued at about $26,000. KBC Group NV lifted its holdings in Atmus Filtration Technologies by 67.9% in the fourth quarter. KBC Group NV now owns 4,070 shares of the company’s stock valued at $159,000 after acquiring an additional 1,646 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Atmus Filtration Technologies by 403.3% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 75,500 shares of the company’s stock valued at $2,958,000 after acquiring an additional 60,500 shares during the period. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $38.12 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43. The stock has a 50-day moving average price of $35.68 and a 200 day moving average price of $38.96. The stock has a market capitalization of $3.15 billion, a P/E ratio of 17.25, a P/E/G ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $424.03 million. During the same quarter last year, the business posted $0.60 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ATMU shares. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Finally, Robert W. Baird decreased their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th.

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.