Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Holdings Cut by Parsifal Capital Management LP

Parsifal Capital Management LP lowered its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,181,694 shares of the company's stock after selling 539,584 shares during the quarter. Atmus Filtration Technologies accounts for about 7.1% of Parsifal Capital Management LP's portfolio, making the stock its 7th largest position. Parsifal Capital Management LP owned about 2.63% of Atmus Filtration Technologies worth $85,479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in Atmus Filtration Technologies during the fourth quarter worth approximately $26,000. New Age Alpha Advisors LLC purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC boosted 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 worth $45,000 after purchasing an additional 876 shares during the period. Tower Research Capital LLC TRC increased its position in shares of 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 last quarter. Finally, Quarry LP raised its holdings 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 buying an additional 827 shares during the period. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Up 1.8%

NYSE:ATMU opened at $38.82 on Wednesday. The company's 50-day simple moving average is $35.63 and its 200-day simple moving average is $38.98. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The stock has a market capitalization of $3.21 billion, a P/E ratio of 17.57, a P/E/G 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 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.04. The company 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 firm's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. On average, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

ATMU has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of 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. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Robert W. Baird cut their price objective 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 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.

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