Cambiar Investors LLC Has $1.87 Million Position in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Cambiar Investors LLC has reduced its stake in Atmus Filtration Technologies Inc. by 16.4%, owning 50,773 shares after selling 9,957 shares during the first quarter.
• Wall Street analysts have varied projections for the stock with target prices ranging from $39.00 to $45.00, indicating a consensus rating of "Moderate Buy".
• Atmus Filtration Technologies declared a quarterly dividend that increased from $0.05 to $0.055 per share, reflecting a positive change in its dividend policy.

Cambiar Investors LLC decreased its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,773 shares of the company's stock after selling 9,957 shares during the quarter. Cambiar Investors LLC owned approximately 0.06% of Atmus Filtration Technologies worth $1,865,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in Atmus Filtration Technologies by 3.3% during the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock worth $396,000 after buying an additional 326 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Atmus Filtration Technologies by 3.9% during the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company's stock valued at $343,000 after acquiring an additional 330 shares during the last quarter. Xponance Inc. raised its position in shares of Atmus Filtration Technologies by 5.6% during the 1st quarter. Xponance Inc. now owns 6,792 shares of the company's stock valued at $249,000 after acquiring an additional 358 shares during the last quarter. Hohimer Wealth Management LLC raised its position in shares of Atmus Filtration Technologies by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company's stock valued at $333,000 after acquiring an additional 386 shares during the last quarter. Finally, Graham Capital Management L.P. raised its position in shares of Atmus Filtration Technologies by 1.9% during the 4th quarter. Graham Capital Management L.P. now owns 27,511 shares of the company's stock valued at $1,078,000 after acquiring an additional 511 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Up 4.0%

ATMU traded up $1.68 during trading on Friday, hitting $43.94. The company had a trading volume of 791,729 shares, compared to its average volume of 892,582. The company has a market capitalization of $3.61 billion, a PE ratio of 19.44, a PEG ratio of 5.08 and a beta of 1.64. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $45.92. The firm's 50-day moving average price is $38.71 and its 200 day moving average price is $37.44. 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 posted 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 business had revenue of $453.50 million for 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%. The firm's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current 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 $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, August 26th. This is an increase from Atmus Filtration Technologies's previous quarterly dividend of $0.05. Atmus Filtration Technologies's dividend payout ratio (DPR) is presently 8.85%.

Analyst Ratings Changes

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

About Atmus Filtration Technologies

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.