Quantbot Technologies LP Buys 23,351 Shares of Atmus Filtration Technologies Inc. $ATMU

Key Points

• Quantbot Technologies LP has increased its stake in Atmus Filtration Technologies Inc. by 30.0%, now owning approximately 101,086 shares worth $3.71 million.
• Atmus reported $0.75 earnings per share for the last quarter, exceeding consensus estimates by $0.09, and had a revenue of $453.50 million.
• The company recently declared a quarterly dividend increase to $0.055 per share, with a yield of 0.5%, reflecting a commitment to return capital to shareholders.

Quantbot Technologies LP raised its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 30.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,086 shares of the company's stock after buying an additional 23,351 shares during the period. Quantbot Technologies LP owned about 0.12% of Atmus Filtration Technologies worth $3,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky bought a new position in shares of Atmus Filtration Technologies in the first quarter valued at $876,000. SG Americas Securities LLC purchased a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $324,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Atmus Filtration Technologies by 12.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company's stock valued at $499,000 after purchasing an additional 1,482 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Atmus Filtration Technologies by 91.1% in the fourth quarter. Millennium Management LLC now owns 186,912 shares of the company's stock valued at $7,323,000 after purchasing an additional 89,107 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $260,000. 32.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ATMU shares. Robert W. Baird raised their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Wall Street Zen raised shares of Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 16th. Wells Fargo & Company lifted their price objective on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $46.00 price objective (up previously from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday. Finally, The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective on the stock. in a research report on Tuesday, May 27th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Atmus Filtration Technologies currently has an average rating of "Hold" and an average target price of $43.80.

Atmus Filtration Technologies Price Performance

NYSE:ATMU traded up $1.68 during mid-day trading on Friday, hitting $43.94. 791,729 shares of the stock traded hands, compared to its average volume of 892,582. The business's 50-day moving average price is $38.71 and its 200 day moving average price is $37.44. The company has a market cap of $3.61 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 5.08 and a beta of 1.64. Atmus Filtration Technologies Inc. has a 12-month low of $30.94 and a 12-month high of $45.92. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $453.50 million during the quarter, compared to analysts' expectations of $433.51 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. Atmus Filtration Technologies's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.055 per share. The ex-dividend date is Tuesday, August 26th. This is a boost from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 8.85%.

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.