Quantbot Technologies LP Acquires 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 boosted its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 30.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 101,086 shares of the company's stock after buying an additional 23,351 shares during the quarter. Quantbot Technologies LP owned about 0.12% of Atmus Filtration Technologies worth $3,713,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Eminence Capital LP increased its position in Atmus Filtration Technologies by 79.0% during the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock worth $179,939,000 after buying an additional 2,027,617 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Atmus Filtration Technologies by 5.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company's stock worth $167,003,000 after buying an additional 223,712 shares during the last quarter. Wellington Management Group LLP increased its position in Atmus Filtration Technologies by 24.5% during the first quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company's stock worth $89,094,000 after buying an additional 478,018 shares during the last quarter. Invesco Ltd. increased its position in Atmus Filtration Technologies by 84.8% during the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company's stock worth $79,258,000 after buying an additional 990,468 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in Atmus Filtration Technologies by 44.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock worth $74,879,000 after buying an additional 584,270 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATMU has been the topic of several analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, August 11th. Wall Street Zen cut shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a report on Sunday. Wells Fargo & Company upped their price target on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Finally, The Goldman Sachs Group cut shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price target for the company. in a report on Tuesday, May 27th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $43.80.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU traded up $0.2250 during mid-day trading on Monday, hitting $44.1550. The company had a trading volume of 111,463 shares, compared to its average volume of 796,298. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. The business's 50-day simple moving average is $38.71 and its 200-day simple moving average is $37.40. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $45.92. The firm has a market cap of $3.63 billion, a P/E ratio of 19.54, a PEG ratio of 5.29 and a beta of 1.64.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its earnings results on Friday, August 8th. The company reported $0.75 earnings per share 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 business 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 earned $0.71 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.055 per share. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, August 26th. Atmus Filtration Technologies's dividend payout ratio is 8.85%.

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.