Deutsche Bank AG Boosts Holdings in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Deutsche Bank AG has increased its stake in Atmus Filtration Technologies by 70.7%, acquiring a total of 221,686 shares valued at approximately $8.14 million.
• Atmus Filtration Technologies recently reported earnings of $0.75 per share, surpassing analysts' expectations of $0.66, along with a revenue of $453.5 million for the quarter.
• The company announced an increase in its quarterly dividend to $0.055 per share, reflecting a positive adjustment from the previous $0.05 dividend.

Deutsche Bank AG grew its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 70.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,686 shares of the company's stock after acquiring an additional 91,780 shares during the period. Deutsche Bank AG owned about 0.27% of Atmus Filtration Technologies worth $8,143,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ATMU. LPL Financial LLC raised its position in shares of 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 purchasing an additional 326 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth about $26,152,000. 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 worth $343,000 after purchasing an additional 330 shares during the last quarter. PEAK6 LLC acquired a new position in shares of Atmus Filtration Technologies during the 4th quarter worth about $3,093,000. Finally, Marshall Wace LLP raised its position in shares of Atmus Filtration Technologies by 361.7% during the 4th quarter. Marshall Wace LLP now owns 86,913 shares of the company's stock worth $3,405,000 after purchasing an additional 68,090 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

NYSE ATMU traded down $1.7040 during trading hours on Wednesday, hitting $42.2160. 1,219,815 shares of the company's stock traded hands, compared to its average volume of 839,187. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $45.92. The company has a market capitalization of $3.47 billion, a PE ratio of 18.68, a PEG ratio of 5.28 and a beta of 1.64. 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 firm's 50-day moving average is $38.42 and its 200-day moving average is $37.41.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.75 earnings per share (EPS) 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 company had revenue of $453.50 million during the quarter, compared to analysts' expectations of $433.51 million. During the same quarter in the prior year, the company earned $0.71 EPS. Atmus Filtration Technologies's revenue 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. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

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

Analyst Ratings Changes

ATMU has been the subject of several research analyst reports. 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 report on Tuesday, July 1st. 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 for the company. in a research report on Tuesday, May 27th. 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 report 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 report on Wednesday. Finally, Wall Street Zen upgraded shares of Atmus Filtration Technologies from a "hold" rating to a "strong-buy" rating in a research report on Saturday. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.