Hotchkis & Wiley Capital Management LLC Has $24.80 Million Stock Holdings in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Hotchkis & Wiley Capital Management LLC has reduced its stake in Atmus Filtration Technologies Inc. by 3.2%, selling 22,508 shares during the first quarter.
• Atmus reported earnings of $0.75 EPS for the last quarter, surpassing expectations and demonstrating a 4.8% revenue increase year-over-year.
• The company has announced an increase in its quarterly dividend to $0.055 per share, effective September 10th, which represents a 0.5% yield.

Hotchkis & Wiley Capital Management LLC trimmed its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 675,282 shares of the company's stock after selling 22,508 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.82% of Atmus Filtration Technologies worth $24,803,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth $876,000. SG Americas Securities LLC purchased a new stake in Atmus Filtration Technologies during the 1st quarter worth $324,000. Oppenheimer Asset Management Inc. boosted its position in Atmus Filtration Technologies by 12.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company's stock valued at $499,000 after buying an additional 1,482 shares during the last quarter. Millennium Management LLC boosted its position in Atmus Filtration Technologies by 91.1% in the 4th quarter. Millennium Management LLC now owns 186,912 shares of the company's stock valued at $7,323,000 after buying an additional 89,107 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Atmus Filtration Technologies in the fourth quarter worth about $260,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ATMU shares. JPMorgan Chase & Co. reiterated 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, August 20th. Wells Fargo & Company raised their price objective 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. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a research note on Tuesday, May 27th. Wall Street Zen downgraded shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a report on Sunday. Finally, Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $43.80.

Atmus Filtration Technologies Trading Down 0.0%

NYSE:ATMU traded down $0.02 during trading hours on Thursday, hitting $44.54. The stock had a trading volume of 477,208 shares, compared to its average volume of 795,146. Atmus Filtration Technologies Inc. has a one year low of $30.94 and a one year high of $45.92. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 19.71, a P/E/G ratio of 5.30 and a beta of 1.64. The business's 50 day moving average is $39.24 and its 200-day moving average is $37.51.

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

Atmus Filtration Technologies Increases Dividend

The company 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 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%. The ex-dividend date is Tuesday, August 26th. Atmus Filtration Technologies's dividend payout ratio is 9.73%.

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.