Two Sigma Advisers LP Sells 216,100 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Two Sigma Advisers LP decreased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 26.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 601,698 shares of the company's stock after selling 216,100 shares during the quarter. Two Sigma Advisers LP owned approximately 0.72% of Atmus Filtration Technologies worth $23,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming boosted its stake in Atmus Filtration Technologies by 31.9% in the 4th quarter. State of Wyoming now owns 6,560 shares of the company's stock valued at $257,000 after purchasing an additional 1,587 shares during the period. Tema Etfs LLC bought a new position in shares of Atmus Filtration Technologies in the fourth quarter worth $4,440,000. Sapience Investments LLC raised its stake in Atmus Filtration Technologies by 24.0% in the fourth quarter. Sapience Investments LLC now owns 61,440 shares of the company's stock valued at $2,407,000 after purchasing an additional 11,898 shares in the last quarter. ProShare Advisors LLC increased its holdings in Atmus Filtration Technologies by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 23,599 shares of the company's stock valued at $925,000 after buying an additional 7,764 shares during the period. Finally, NorthRock Partners LLC acquired a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at approximately $390,000. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Price Performance

Shares of Atmus Filtration Technologies stock traded down $0.12 during midday trading on Monday, hitting $36.54. 2,283,660 shares of the company traded hands, compared to its average volume of 900,022. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 3.99 and a beta of 1.81. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a 12 month low of $27.62 and a 12 month high of $45.43. The firm's fifty day moving average price is $35.74 and its 200-day moving average price is $38.87.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $110.50 million for the quarter, compared to analyst estimates of $424.03 million. During the same period last year, the company posted $0.60 earnings per share. Atmus Filtration Technologies's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Tuesday, June 3rd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, June 3rd. Atmus Filtration Technologies's dividend payout ratio is 9.05%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ATMU shares. JPMorgan Chase & Co. increased their price target on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Wells Fargo & Company raised their target price on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Robert W. Baird decreased their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th.

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.