Parsifal Capital Management LP Sells 539,584 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Parsifal Capital Management LP cut its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 19.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,181,694 shares of the company's stock after selling 539,584 shares during the period. Atmus Filtration Technologies makes up approximately 7.1% of Parsifal Capital Management LP's holdings, making the stock its 7th largest holding. Parsifal Capital Management LP owned about 2.63% of Atmus Filtration Technologies worth $85,479,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies during the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $32,000. Nisa Investment Advisors LLC increased its holdings in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock valued at $45,000 after acquiring an additional 876 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock valued at $54,000 after purchasing an additional 1,022 shares during the period. Finally, Quarry LP boosted its position in Atmus Filtration Technologies by 70.9% during the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after purchasing an additional 827 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ATMU has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Robert W. Baird dropped their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock traded up $0.34 during trading hours on Monday, hitting $38.50. The stock had a trading volume of 139,532 shares, compared to its average volume of 896,413. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company has a 50-day moving average of $35.68 and a two-hundred day moving average of $38.96. The company has a market cap of $3.18 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. The firm had revenue of $110.50 million during the quarter, compared to analysts' expectations of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business's revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.60 EPS. On average, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is presently 9.05%.

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.