Quantbot Technologies LP Sells 30,943 Shares of Atmus Filtration Technologies Inc. $ATMU

Quantbot Technologies LP reduced its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 30.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,143 shares of the company’s stock after selling 30,943 shares during the quarter. Quantbot Technologies LP owned about 0.09% of Atmus Filtration Technologies worth $2,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Eminence Capital LP grew its stake in Atmus Filtration Technologies by 25.4% in the 1st quarter. Eminence Capital LP now owns 5,757,054 shares of the company’s stock worth $211,457,000 after buying an additional 1,164,440 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Atmus Filtration Technologies by 24.5% during the 1st quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company’s stock worth $89,094,000 after acquiring an additional 478,018 shares during the last quarter. Geode Capital Management LLC grew its position in Atmus Filtration Technologies by 20.8% in the second quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock worth $86,154,000 after acquiring an additional 407,484 shares in the last quarter. Invesco Ltd. grew its position in Atmus Filtration Technologies by 84.8% in the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company’s stock worth $79,258,000 after acquiring an additional 990,468 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Atmus Filtration Technologies by 2.8% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,677,985 shares of the company’s stock valued at $61,633,000 after acquiring an additional 45,806 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ATMU. JPMorgan Chase & Co. raised Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $53.00 to $60.00 in a research note on Wednesday, November 26th. Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Finally, Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.00.

Atmus Filtration Technologies Price Performance

ATMU opened at $52.23 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The stock’s 50 day simple moving average is $46.85 and its 200 day simple moving average is $42.40. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.46 and a beta of 1.58. Atmus Filtration Technologies Inc. has a 1 year low of $30.94 and a 1 year high of $53.56.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.08. The firm had revenue of $447.70 million during the quarter, compared to the consensus estimate of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.17%.

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.