Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Ionic Capital Management LLC

Ionic Capital Management LLC lowered its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 21.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 110,718 shares of the company’s stock after selling 29,722 shares during the period. Atmus Filtration Technologies accounts for approximately 0.7% of Ionic Capital Management LLC’s holdings, making the stock its 19th biggest position. Ionic Capital Management LLC’s holdings in Atmus Filtration Technologies were worth $4,155,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in Atmus Filtration Technologies by 854.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company’s stock worth $5,346,000 after acquiring an additional 166,274 shares during the period. Davidson Kempner Capital Management LP purchased a new position in Atmus Filtration Technologies during the 2nd quarter worth $15,475,000. Algert Global LLC raised its holdings in Atmus Filtration Technologies by 516.7% during the 3rd quarter. Algert Global LLC now owns 161,513 shares of the company’s stock valued at $6,062,000 after acquiring an additional 135,325 shares during the period. Hsbc Holdings PLC bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at $1,396,000. Finally, Gabelli Funds LLC purchased a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at approximately $561,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ATMU shares. Robert W. Baird boosted their target price on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $42.00 to $45.00 in a report on Monday, November 11th. Finally, Northland Securities lifted their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $43.66 on Tuesday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 4.71 and a beta of 1.69. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The firm’s 50-day moving average is $40.39 and its 200 day moving average is $34.45. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The company had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. Atmus Filtration Technologies’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. Sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. Atmus Filtration Technologies’s payout ratio is currently 9.30%.

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.