Boston Partners Sells 42,196 Shares of Atmus Filtration Technologies Inc. $ATMU

Key Points

• Boston Partners reduced its stake in Atmus Filtration Technologies by 5.7%, selling 42,196 shares during the first quarter, leaving them with 703,039 shares valued at $25.46 million.
• The company reported earnings of $0.75 per share for the last quarter, surpassing estimates, and had a 4.8% revenue increase year-over-year.
• Atmus Filtration Technologies announced an increased quarterly dividend of $0.055 per share, up from $0.05, reflecting a positive adjustment in shareholder returns.

Boston Partners reduced its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 703,039 shares of the company's stock after selling 42,196 shares during the quarter. Boston Partners owned 0.85% of Atmus Filtration Technologies worth $25,460,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ATMU. SouthState Corp acquired a new stake in Atmus Filtration Technologies during the 1st quarter valued at $27,000. Tower Research Capital LLC TRC increased its stake in shares of Atmus Filtration Technologies by 295.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company's stock worth $54,000 after acquiring an additional 1,022 shares during the last quarter. Quarry LP increased its stake in shares of Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock worth $78,000 after acquiring an additional 827 shares during the last quarter. Wexford Capital LP acquired a new position in shares of Atmus Filtration Technologies in the fourth quarter worth $242,000. Finally, Xponance Inc. increased its stake in shares of Atmus Filtration Technologies by 5.6% in the first quarter. Xponance Inc. now owns 6,792 shares of the company's stock worth $249,000 after acquiring an additional 358 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU traded down $1.7040 during mid-day trading on Wednesday, hitting $42.2160. The company had a trading volume of 1,219,815 shares, compared to its average volume of 839,187. 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 $38.42 and its 200-day simple moving average is $37.41. 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 $3.47 billion, a P/E ratio of 18.68, a PEG ratio of 5.28 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.055 dividend. 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 dividend yield of 0.5%. Atmus Filtration Technologies's dividend payout ratio is 8.85%.

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.