Atmus Filtration Technologies Inc. (NYSE:ATMU) Stake Lowered by Two Sigma Investments LP

Two Sigma Investments LP lowered its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 39.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 273,618 shares of the company's stock after selling 177,985 shares during the period. Two Sigma Investments LP owned approximately 0.33% of Atmus Filtration Technologies worth $10,720,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at $8,839,000. LPL Financial LLC increased its holdings in shares of Atmus Filtration Technologies by 3.3% in the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after buying an additional 326 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Atmus Filtration Technologies in the fourth quarter valued at $502,000. Bank of New York Mellon Corp increased its holdings in shares of Atmus Filtration Technologies by 72.4% in the fourth quarter. Bank of New York Mellon Corp now owns 528,398 shares of the company's stock valued at $20,703,000 after buying an additional 221,853 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Atmus Filtration Technologies by 0.7% in the fourth quarter. Swiss National Bank now owns 163,949 shares of the company's stock valued at $6,424,000 after buying an additional 1,200 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Down 0.5%

NYSE:ATMU traded down $0.20 during trading hours on Thursday, hitting $36.19. 46,913 shares of the stock traded hands, compared to its average volume of 894,979. The firm has a 50 day moving average price of $35.65 and a 200 day moving average price of $38.79. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a fifty-two week low of $27.62 and a fifty-two week high of $45.43. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The business had revenue of $110.50 million for the quarter, compared to analysts' expectations of $424.03 million. During the same period in the previous year, the company posted $0.60 EPS. Atmus Filtration Technologies's revenue was down 2.3% on a year-over-year basis. Equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

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

Analyst Ratings Changes

Several research analysts have issued reports on ATMU shares. JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Robert W. Baird cut their target price on shares of 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. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a research note on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Atmus Filtration Technologies 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.