PEAK6 LLC Has $2.60 Million Stake in Atmus Filtration Technologies Inc. $ATMU

Key Points

• PEAK6 LLC reduced its holdings in Atmus Filtration Technologies by 10.2%, now owning 70,893 shares valued at approximately $2.6 million.
• Atmus reported quarterly earnings of $0.75 EPS, exceeding analyst expectations of $0.66, along with a revenue of $453.5 million during the period.
• The company is increasing its dividend to $0.055 per share, marking a rise from the previous $0.05, with a yield of 0.5%.

PEAK6 LLC decreased its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,893 shares of the company's stock after selling 8,039 shares during the quarter. PEAK6 LLC owned 0.09% of Atmus Filtration Technologies worth $2,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ATMU. First Trust Advisors LP lifted its position in Atmus Filtration Technologies by 196.8% during the fourth quarter. First Trust Advisors LP now owns 158,136 shares of the company's stock worth $6,196,000 after purchasing an additional 104,855 shares during the period. Dimensional Fund Advisors LP lifted its position in Atmus Filtration Technologies by 39.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 738,469 shares of the company's stock worth $28,931,000 after purchasing an additional 208,550 shares during the period. Tower Research Capital LLC TRC lifted its position in Atmus Filtration Technologies by 295.4% during 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. Hsbc Holdings PLC lifted its position in Atmus Filtration Technologies by 42.6% during the fourth quarter. Hsbc Holdings PLC now owns 18,317 shares of the company's stock worth $715,000 after purchasing an additional 5,471 shares during the period. Finally, Voya Investment Management LLC lifted its position in Atmus Filtration Technologies by 20.2% during the fourth quarter. Voya Investment Management LLC now owns 114,515 shares of the company's stock worth $4,487,000 after purchasing an additional 19,282 shares during the period. Institutional investors own 32.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ATMU. Wall Street Zen cut shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 24th. Robert W. Baird upped their price objective 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. The Goldman Sachs Group downgraded 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. Wells Fargo & Company upped their price objective 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. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $46.00 price objective (up previously from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $43.80.

Atmus Filtration Technologies Trading Down 0.6%

NYSE:ATMU traded down $0.28 on Wednesday, reaching $44.50. 164,167 shares of the stock traded hands, compared to its average volume of 791,115. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 5.36 and a beta of 1.65. The company's 50 day moving average is $39.97 and its 200-day moving average is $37.61. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $45.92.

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 analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $453.50 million during the quarter, compared to the consensus estimate of $433.51 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders 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 represents a $0.22 dividend on an annualized basis 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 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.