Magnetar Financial LLC Takes $2.34 Million Position in Atmus Filtration Technologies Inc. $ATMU

Magnetar Financial LLC acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 45,129 shares of the company’s stock, valued at approximately $2,343,000.

Several other hedge funds have also modified their holdings of ATMU. Jones Financial Companies Lllp increased its position in Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares during the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter worth $37,000. PNC Financial Services Group Inc. grew its position in Atmus Filtration Technologies by 87.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 849 shares of the company’s stock valued at $44,000 after acquiring an additional 397 shares during the period. Smartleaf Asset Management LLC increased its stake in Atmus Filtration Technologies by 1,498.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 959 shares of the company’s stock worth $50,000 after acquiring an additional 899 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Atmus Filtration Technologies by 277.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,252 shares of the company’s stock valued at $65,000 after purchasing an additional 920 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $61.31 on Friday. Atmus Filtration Technologies Inc. has a 1-year low of $33.38 and a 1-year high of $66.50. The firm has a market capitalization of $5.01 billion, a PE ratio of 24.52, a P/E/G ratio of 2.71 and a beta of 1.58. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.42 and a quick ratio of 1.66. The business’s fifty day moving average price is $60.81 and its two-hundred day moving average price is $54.78.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 13th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.57 by $0.09. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The firm had revenue of $446.60 million during the quarter, compared to analysts’ expectations of $422.25 million. During the same quarter in the prior year, the firm earned $0.58 EPS. Atmus Filtration Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, research analysts expect that Atmus Filtration Technologies Inc. will post 2.9 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Friday, February 20th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, February 20th. Atmus Filtration Technologies’s dividend payout ratio is currently 8.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ATMU shares. Robert W. Baird decreased their price objective on shares of Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Wall Street Zen lowered Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price objective on shares of Atmus Filtration Technologies from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Finally, Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $58.25.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.