Atmus Filtration Technologies Inc. $ATMU Shares Acquired by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP increased its stake in Atmus Filtration Technologies by 253.2% in the first quarter, acquiring an additional 181,750 shares for a total of 253,532 shares.
• Atmus Filtration Technologies reported a net margin of 11.22% and earnings per share of $0.75 for the latest quarter, surpassing analyst expectations.
• The company announced an increase in its quarterly dividend to $0.055, which will be paid to shareholders of record on August 26th, representing an annualized yield of 0.5%.

Dark Forest Capital Management LP grew its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 253.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,532 shares of the company's stock after purchasing an additional 181,750 shares during the period. Atmus Filtration Technologies comprises approximately 0.4% of Dark Forest Capital Management LP's holdings, making the stock its 11th largest holding. Dark Forest Capital Management LP owned approximately 0.31% of Atmus Filtration Technologies worth $9,312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SouthState Corp purchased a new stake in Atmus Filtration Technologies in the first quarter worth $27,000. Tower Research Capital LLC TRC increased its stake in 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 purchasing an additional 1,022 shares during the period. Freedom Investment Management Inc. purchased a new stake in Atmus Filtration Technologies in the first quarter worth $225,000. Wexford Capital LP purchased a new stake in Atmus Filtration Technologies in the fourth quarter worth $242,000. Finally, Caption Management LLC purchased a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at $251,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Up 1.0%

ATMU stock traded up $0.46 during trading on Friday, reaching $46.04. 542,694 shares of the company traded hands, compared to its average volume of 876,910. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $46.39. The business has a 50 day simple moving average of $40.52 and a 200 day simple moving average of $37.74. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 5.48 and a beta of 1.65. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The company had revenue of $453.50 million for the quarter, compared to the consensus estimate of $433.51 million. During the same quarter last year, the company earned $0.71 earnings per share. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This is an increase 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%. Atmus Filtration Technologies's dividend payout ratio is 9.73%.

Analyst Ratings Changes

Several equities analysts have recently commented on ATMU shares. Wall Street Zen lowered Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 24th. Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Robert W. Baird raised their price target on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. JPMorgan Chase & Co. restated a "neutral" rating and set a $46.00 price target (up previously from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group lowered 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. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Atmus Filtration Technologies has an average rating of "Hold" and an average target price of $43.80.

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.