Ionic Capital Management LLC Decreases Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Ionic Capital Management LLC decreased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,156 shares of the company's stock after selling 21,562 shares during the period. Atmus Filtration Technologies comprises approximately 0.4% of Ionic Capital Management LLC's holdings, making the stock its 13th largest position. Ionic Capital Management LLC owned about 0.11% of Atmus Filtration Technologies worth $3,493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ATMU. Janus Henderson Group PLC grew its holdings in Atmus Filtration Technologies by 292.2% during the fourth quarter. Janus Henderson Group PLC now owns 351,940 shares of the company's stock valued at $13,796,000 after purchasing an additional 262,199 shares during the period. Jefferies Financial Group Inc. lifted its position in shares of Atmus Filtration Technologies by 36.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 193,000 shares of the company's stock valued at $7,562,000 after buying an additional 51,494 shares in the last quarter. Graham Capital Management L.P. grew its stake in shares of Atmus Filtration Technologies by 1.9% during the 4th quarter. Graham Capital Management L.P. now owns 27,511 shares of the company's stock valued at $1,078,000 after acquiring an additional 511 shares during the period. Frontier Capital Management Co. LLC increased its holdings in Atmus Filtration Technologies by 69.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 352,526 shares of the company's stock worth $13,812,000 after acquiring an additional 144,543 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Atmus Filtration Technologies by 61.2% in the 4th quarter. Deutsche Bank AG now owns 129,906 shares of the company's stock worth $5,090,000 after acquiring an additional 49,311 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ATMU shares. JPMorgan Chase & Co. lifted their price target on shares of 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 lowered 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. Finally, Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $35.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th.

Atmus Filtration Technologies Price Performance

NYSE ATMU traded down $0.43 during trading hours on Friday, reaching $38.12. The company's stock had a trading volume of 710,113 shares, compared to its average volume of 902,108. Atmus Filtration Technologies Inc. has a 1 year low of $27.62 and a 1 year high of $45.43. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 3.99 and a beta of 1.81. The firm's 50-day moving average price is $35.66 and its 200-day moving average price is $38.97.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $0.63 earnings per share (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 firm had revenue of $110.50 million for the quarter, compared to analysts' expectations of $424.03 million. During the same quarter last year, the business posted $0.60 earnings per share. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's payout ratio is currently 9.05%.

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.