Tema Etfs LLC Grows Holdings in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Tema Etfs LLC increased its stake in Atmus Filtration Technologies by 35.2%, acquiring an additional 39,845 shares during the first quarter.
• Atmus Filtration Technologies reported a quarterly earnings per share (EPS) of $0.75, exceeding the consensus estimate of $0.66.
• The company announced a quarterly dividend of $0.055 per share, marking an increase from the previous dividend of $0.05.

Tema Etfs LLC boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 35.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,177 shares of the company's stock after purchasing an additional 39,845 shares during the quarter. Atmus Filtration Technologies comprises 1.7% of Tema Etfs LLC's investment portfolio, making the stock its 16th largest holding. Tema Etfs LLC owned 0.19% of Atmus Filtration Technologies worth $5,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SouthState Corp purchased a new stake in Atmus Filtration Technologies in the 1st quarter valued at $27,000. Tower Research Capital LLC TRC increased its stake 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 valued at $54,000 after buying an additional 1,022 shares during the period. Quarry LP increased its stake in Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after buying an additional 827 shares during the period. Freedom Investment Management Inc. acquired a new position in Atmus Filtration Technologies in the 1st quarter valued at $225,000. Finally, Wexford Capital LP acquired a new position in Atmus Filtration Technologies in the 4th quarter valued at $242,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock traded up $0.07 on Tuesday, hitting $44.59. The company's stock had a trading volume of 446,908 shares, compared to its average volume of 791,765. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $45.92. 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 firm has a fifty day moving average price of $39.80 and a 200-day moving average price of $37.56. The company has a market capitalization of $3.66 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 5.36 and a beta of 1.65.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping 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 business had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same period in the previous year, the firm earned $0.71 EPS. The business's revenue for the quarter 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. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 earnings per share 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 given a $0.055 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $0.22 annualized dividend and a dividend 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 presently 9.73%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $46.00 price objective (up from $44.00) on shares of Atmus Filtration Technologies in a research note on Wednesday, August 20th. The Goldman Sachs Group cut 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 research note on Tuesday, May 27th. Wells Fargo & Company boosted 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 research note on Tuesday, July 1st. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, Wall Street Zen cut shares of Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 24th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $43.80.

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.