Atmus Filtration Technologies Inc. $ATMU Shares Acquired by AlphaQuest LLC

AlphaQuest LLC lifted its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 86.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,582 shares of the company’s stock after purchasing an additional 16,000 shares during the period. AlphaQuest LLC’s holdings in Atmus Filtration Technologies were worth $1,259,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. DekaBank Deutsche Girozentrale purchased a new stake in Atmus Filtration Technologies during the 2nd quarter worth about $479,000. Cannon Global Investment Management LLC raised its position in shares of Atmus Filtration Technologies by 13.0% during the 2nd quarter. Cannon Global Investment Management LLC now owns 10,400 shares of the company’s stock worth $379,000 after acquiring an additional 1,200 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in Atmus Filtration Technologies by 3.3% during the second quarter. Verdence Capital Advisors LLC now owns 13,393 shares of the company’s stock worth $488,000 after purchasing an additional 431 shares during the last quarter. Vest Financial LLC boosted its holdings in Atmus Filtration Technologies by 170.2% in the second quarter. Vest Financial LLC now owns 56,411 shares of the company’s stock valued at $2,054,000 after purchasing an additional 35,532 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Atmus Filtration Technologies by 7.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,214,548 shares of the company’s stock valued at $45,303,000 after purchasing an additional 82,006 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 0.3%

NYSE ATMU opened at $45.83 on Friday. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $47.10. The firm has a market cap of $3.76 billion, a PE ratio of 20.28, a P/E/G ratio of 5.51 and a beta of 1.63. The firm’s fifty day moving average is $44.79 and its two-hundred day moving average is $39.66. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The firm had revenue of $453.50 million for the quarter, compared to analysts’ expectations of $433.51 million. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. This is a boost from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, August 26th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.73%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ATMU shares. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Friday. Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $42.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, September 18th. Finally, Wall Street Zen raised Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

Atmus Filtration Technologies Company 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.