Intech Investment Management LLC Has $2.14 Million Holdings in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Intech Investment Management LLC increased its stake in Atmus Filtration Technologies by 32.0%, now holding 58,336 shares valued at $2.14 million.
• Analysts have shown a mixed outlook for Atmus, with target prices ranging from $39.00 to $46.00, while maintaining an average rating of "Hold."
• Atmus reported a quarterly earnings per share of $0.75, exceeding forecasts, with revenue up 4.8% year-over-year, and announced a quarterly dividend increase to $0.055 per share.

Intech Investment Management LLC lifted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 32.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,336 shares of the company's stock after acquiring an additional 14,126 shares during the quarter. Intech Investment Management LLC owned approximately 0.07% of Atmus Filtration Technologies worth $2,143,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in shares of Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company's stock worth $26,000 after purchasing an additional 412 shares in the last quarter. SouthState Corp acquired a new position in shares of Atmus Filtration Technologies during the first quarter worth approximately $27,000. Freedom Investment Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the first quarter worth approximately $225,000. Wexford Capital LP acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $242,000. Finally, Xponance Inc. lifted its position in shares of Atmus Filtration Technologies by 5.6% during the first quarter. Xponance Inc. now owns 6,792 shares of the company's stock worth $249,000 after purchasing an additional 358 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Robert W. Baird upped their target price 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. Wells Fargo & Company increased their price objective on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an "equal weight" rating in a report 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 on the stock. in a report on Tuesday, May 27th. Wall Street Zen lowered shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 24th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $46.00 price objective (up from $44.00) on shares of Atmus Filtration Technologies in a report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies presently has an average rating of "Hold" and a consensus target price of $43.80.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $46.41 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 2.15 and a debt-to-equity ratio of 1.75. The company has a market capitalization of $3.81 billion, a P/E ratio of 20.54, a P/E/G ratio of 5.58 and a beta of 1.65. Atmus Filtration Technologies Inc. has a 12-month low of $30.94 and a 12-month high of $47.10. The firm has a 50-day moving average price of $41.56 and a two-hundred day moving average price of $38.02.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $433.51 million. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm'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. Analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were paid a dividend of $0.055 per share. This is a boost from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 26th. Atmus Filtration Technologies's payout ratio is currently 9.73%.

Atmus Filtration Technologies Company 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.

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