Balyasny Asset Management L.P. Decreases Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Balyasny Asset Management L.P. lowered its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 33.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,750 shares of the company's stock after selling 175,453 shares during the quarter. Balyasny Asset Management L.P. owned 0.42% of Atmus Filtration Technologies worth $13,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company's stock valued at $10,737,000 after buying an additional 21,687 shares during the period. Norges Bank acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth $8,839,000. Assenagon Asset Management S.A. acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth $14,877,000. Tidal Investments LLC acquired a new stake in shares of Atmus Filtration Technologies during the third quarter worth $552,000. Finally, LPL Financial LLC raised its holdings in shares of Atmus Filtration Technologies by 3.3% during the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after acquiring an additional 326 shares during the period. Institutional investors own 32.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

Atmus Filtration Technologies Trading Up 5.3%

ATMU traded up $1.94 during trading on Monday, reaching $38.21. 835,924 shares of the stock traded hands, compared to its average volume of 905,776. 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 stock has a market capitalization of $3.16 billion, a PE ratio of 17.29, a P/E/G ratio of 3.99 and a beta of 1.81. The stock's 50-day moving average is $35.57 and its 200 day moving average is $38.99. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43.

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

Atmus Filtration Technologies Dividend Announcement

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

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.