Magnetar Financial LLC Purchases New Stake in Atmus Filtration Technologies Inc. $ATMU

Magnetar Financial LLC acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 31,646 shares of the company’s stock, valued at approximately $1,153,000.

A number of other large investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in shares of Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares during the last quarter. SouthState Corp acquired a new stake in shares of Atmus Filtration Technologies in the 1st quarter worth about $27,000. Bessemer Group Inc. lifted its position in Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after acquiring an additional 272 shares in the last quarter. Strs Ohio acquired a new position in Atmus Filtration Technologies during the 1st quarter valued at about $121,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Atmus Filtration Technologies during the 2nd quarter valued at about $216,000. 32.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

ATMU has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $47.00 to $53.00 and gave the stock a “neutral” rating in a research note on Monday, November 10th. Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $47.00 to $52.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 15th. Finally, Robert W. Baird increased their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Atmus Filtration Technologies presently has a consensus rating of “Hold” and a consensus price target of $47.25.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $47.82 on Monday. The business’s fifty day simple moving average is $45.77 and its 200 day simple moving average is $41.54. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $51.84. The firm has a market capitalization of $3.90 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 3.13 and a beta of 1.62.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.08. The firm had revenue of $447.70 million during the quarter, compared to analyst estimates of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The business’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $0.22 annualized dividend and a yield of 0.5%. Atmus Filtration Technologies’s payout ratio is currently 9.17%.

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.