Woodline Partners LP Makes New $5.78 Million Investment in Atmus Filtration Technologies Inc. $ATMU

Key Points

• Woodline Partners LP has acquired a new stake in Atmus Filtration Technologies Inc. (NYSE: ATMU), purchasing 157,367 shares valued at approximately $5.78 million, representing around 0.19% of the company.
• Atmus recently boosted its quarterly dividend from $0.05 to $0.055 per share, indicating a commitment to returning value to shareholders.
• The company's earnings report showed a profit of $0.75 per share, which exceeded analysts' estimates, along with a revenue increase to $453.50 million compared to last year.

Woodline Partners LP purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 157,367 shares of the company's stock, valued at approximately $5,780,000. Woodline Partners LP owned approximately 0.19% of Atmus Filtration Technologies as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ATMU. Teachers Retirement System of The State of Kentucky acquired a new stake in Atmus Filtration Technologies during the 1st quarter valued at $876,000. SG Americas Securities LLC acquired a new position in Atmus Filtration Technologies during the first quarter worth about $324,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Atmus Filtration Technologies by 12.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company's stock worth $499,000 after purchasing an additional 1,482 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Atmus Filtration Technologies by 91.1% during the fourth quarter. Millennium Management LLC now owns 186,912 shares of the company's stock worth $7,323,000 after purchasing an additional 89,107 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth about $260,000. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Trading Up 1.9%

Shares of ATMU traded up $0.89 during mid-day trading on Thursday, hitting $46.72. 189,530 shares of the company's stock traded hands, compared to its average volume of 787,144. The company has a quick ratio of 1.43, a current ratio of 2.15 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 $47.10. The firm has a market capitalization of $3.84 billion, a P/E ratio of 20.67, a PEG ratio of 5.58 and a beta of 1.65. The business's 50-day moving average price is $41.87 and its 200-day moving average price is $38.14.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results 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. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The firm had revenue of $453.50 million for the quarter, compared to analysts' expectations of $433.51 million. During the same period in the previous year, the firm earned $0.71 earnings per share. The business's revenue 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. As a group, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th were given a dividend of $0.055 per share. This is a boost from Atmus Filtration Technologies's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, August 26th. Atmus Filtration Technologies's dividend payout ratio is presently 9.73%.

Analyst Upgrades and Downgrades

ATMU has been the topic of several analyst reports. Robert W. Baird upped their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a report on Monday, August 11th. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 target price on the stock. in a research report on Tuesday, May 27th. Wells Fargo & Company upped their target price on Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wall Street Zen lowered Atmus Filtration Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 24th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $46.00 price objective (up 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. According to data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of "Hold" and a consensus price target of $45.40.

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.