Atmus Filtration Technologies Inc. $ATMU Shares Acquired by AlphaQuest LLC

AlphaQuest LLC lifted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 29.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 44,829 shares of the company’s stock after acquiring an additional 10,247 shares during the quarter. AlphaQuest LLC’s holdings in Atmus Filtration Technologies were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS increased its holdings in Atmus Filtration Technologies by 8.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the company’s stock worth $688,000 after acquiring an additional 1,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Atmus Filtration Technologies during the second quarter worth about $216,000. Public Employees Retirement System of Ohio raised its position in shares of Atmus Filtration Technologies by 6,661.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,185 shares of the company’s stock worth $480,000 after purchasing an additional 12,990 shares during the last quarter. Geode Capital Management LLC lifted its stake in Atmus Filtration Technologies by 20.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock valued at $86,154,000 after buying an additional 407,484 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. increased its stake in Atmus Filtration Technologies by 33.3% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the company’s stock worth $1,530,000 after buying an additional 10,500 shares in the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $58.01 on Friday. The firm has a 50 day simple moving average of $53.70 and a 200-day simple moving average of $47.32. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 2.55 and a beta of 1.57. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $58.18.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, November 7th. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The firm had revenue of $447.70 million for the quarter, compared to analysts’ expectations of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, November 25th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.17%.

Analysts Set New Price Targets

ATMU has been the subject of several recent research reports. Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Atmus Filtration Technologies Company Profile

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.