PEAK6 LLC Sells 8,039 Shares of 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 lessened its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 10.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 70,893 shares of the company's stock after selling 8,039 shares during the period. PEAK6 LLC owned 0.09% of Atmus Filtration Technologies worth $2,604,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ATMU. SouthState Corp acquired a new stake in shares of Atmus Filtration Technologies in the first quarter worth $27,000. Tower Research Capital LLC TRC raised its holdings in Atmus Filtration Technologies by 295.4% in the 4th 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. Quarry LP raised its holdings in Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock worth $78,000 after purchasing an additional 827 shares during the period. Freedom Investment Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the first quarter valued at approximately $225,000. Finally, Wexford Capital LP acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at approximately $242,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ATMU. Wells Fargo & Company lifted their price target on Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. 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 report on Wednesday, August 20th. Robert W. Baird upped their price objective on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a report 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 target for the company. in a report on Tuesday, May 27th. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. Two 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, the company has a consensus rating of "Hold" and a consensus price target of $43.80.

Atmus Filtration Technologies Price Performance

Shares of ATMU stock traded down $0.07 on Friday, hitting $44.52. 604,339 shares of the company's stock were exchanged, compared to its average volume of 902,202. The stock has a market cap of $3.66 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 5.36 and a beta of 1.65. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $45.92. The company has a 50 day moving average of $39.61 and a 200 day moving average of $37.53.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released 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. The company had revenue of $453.50 million during the quarter, compared to the consensus estimate of $433.51 million. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The firm's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. On average, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Increases Dividend

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

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.