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

AlphaQuest LLC increased its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 86.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,582 shares of the company’s stock after buying an additional 16,000 shares during the quarter. 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 also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at about $479,000. Cannon Global Investment Management LLC increased its holdings 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 buying an additional 1,200 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Atmus Filtration Technologies by 3.3% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,393 shares of the company’s stock valued at $488,000 after buying an additional 431 shares during the period. Vest Financial LLC lifted 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 acquiring an additional 35,532 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position 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 worth $45,303,000 after acquiring an additional 82,006 shares during the period. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Trading Up 0.3%

Shares of ATMU stock opened at $45.83 on Friday. Atmus Filtration Technologies Inc. has a fifty-two week low of $30.94 and a fifty-two week high of $47.10. The company has a 50 day moving average price of $44.79 and a 200 day moving average price of $39.66. The stock has a market capitalization of $3.76 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 5.51 and a beta of 1.63. 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 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The company had revenue of $453.50 million during the quarter, compared to analysts’ expectations of $433.51 million. During the same quarter last year, the company posted $0.71 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, September 18th. Robert W. Baird increased their target price 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. Wall Street Zen upgraded shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Friday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and a consensus target price of $45.60.

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.