Atmus Filtration Technologies Inc. $ATMU Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops cut its Atmus Filtration Technologies stake by 82.2% in the second quarter, selling 63,514 shares and retaining 13,754 shares worth about $701,000. Institutional investors and hedge funds collectively own 32.73% of the company.
• Atmus reported quarterly EPS of $0.82, exceeding estimates of $0.78, while revenue rose 16.5% year over year to $527.9 million. The company reaffirmed fiscal 2026 EPS guidance of $2.85–$3.00.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $62, compared with a recent stock price of $43.98. Atmus also pays a quarterly dividend of $0.06, representing a 0.5% annual yield.

Squarepoint Ops LLC reduced its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 82.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,754 shares of the company's stock after selling 63,514 shares during the period. Squarepoint Ops LLC's holdings in Atmus Filtration Technologies were worth $701,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Atmus Filtration Technologies during the second quarter worth $631,617,000. Jupiter Topco LLC acquired a new stake in shares of Atmus Filtration Technologies in the second quarter valued at $83,249,000. Port Capital LLC purchased a new position in Atmus Filtration Technologies in the second quarter valued at $52,739,000. The Manufacturers Life Insurance Company purchased a new position in Atmus Filtration Technologies in the second quarter valued at $39,152,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in Atmus Filtration Technologies by 193.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company's stock worth $56,744,000 after purchasing an additional 659,357 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stephen E. Macadam purchased 2,000 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were bought at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the purchase, the director directly owned 40,588 shares of the company's stock, valued at approximately $2,020,470.64. This trade represents a 5.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Renee Swan sold 3,870 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.89, for a total transaction of $196,944.30. Following the sale, the insider directly owned 46,875 shares in the company, valued at approximately $2,385,468.75. The trade was a 7.63% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 0.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ATMU shares. Wells Fargo & Company initiated coverage on Atmus Filtration Technologies in a report on Monday, August 3rd. They set an "equal weight" rating and a $56.00 price target on the stock. Wall Street Zen cut Atmus Filtration Technologies from a "buy" rating to a "hold" rating in a research note on Sunday, June 14th. Finally, Weiss Ratings downgraded Atmus Filtration Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, August 25th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.00.

Atmus Filtration Technologies Stock Down 0.5%

Atmus Filtration Technologies stock opened at $43.98 on Friday. Atmus Filtration Technologies Inc. has a 1-year low of $42.60 and a 1-year high of $66.50. The company has a debt-to-equity ratio of 2.18, a current ratio of 2.65 and a quick ratio of 1.83. The stock has a market cap of $3.59 billion, a PE ratio of 16.85, a P/E/G ratio of 1.85 and a beta of 1.17. The stock's fifty day moving average is $49.70 and its two-hundred day moving average is $53.15.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%.The company had revenue of $527.90 million during the quarter, compared to the consensus estimate of $507.02 million. During the same period in the previous year, the business earned $0.75 EPS. Atmus Filtration Technologies's revenue for the quarter was up 16.5% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2026 guidance at 2.850-3.000 EPS. On average, sell-side analysts expect that Atmus Filtration Technologies Inc. will post 2.97 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Thursday, August 27th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.5%. This is a positive change from Atmus Filtration Technologies's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, August 27th. Atmus Filtration Technologies's dividend payout ratio is currently 9.20%.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc NYSE: ATMU designs, manufactures and distributes filtration products and solutions for commercial vehicles, off-highway equipment, power generation systems and industrial applications. Its offerings help protect engines and other critical components by removing contaminants from air, fuel, lubricants, hydraulic fluids and coolants.

The company markets products under the Fleetguard brand and serves original equipment manufacturers, distributors, fleet operators and aftermarket customers.

Want to see what other hedge funds are holding ATMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.