Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by PDT Partners LLC

PDT Partners LLC trimmed its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 20.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,768 shares of the company’s stock after selling 18,909 shares during the quarter. PDT Partners LLC owned approximately 0.09% of Atmus Filtration Technologies worth $2,806,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ATMU. American Century Companies Inc. boosted its holdings in shares of Atmus Filtration Technologies by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock worth $57,040,000 after purchasing an additional 54,051 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Atmus Filtration Technologies by 27.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock worth $47,537,000 after buying an additional 272,890 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Atmus Filtration Technologies by 26.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,153,484 shares of the company’s stock valued at $43,290,000 after buying an additional 242,718 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Atmus Filtration Technologies by 83.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock worth $32,397,000 after acquiring an additional 512,390 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Atmus Filtration Technologies by 34.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 884,458 shares of the company’s stock worth $25,455,000 after acquiring an additional 227,576 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Northland Securities raised their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $42.00 to $45.00 in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Robert W. Baird raised their target price on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $43.29 on Friday. Atmus Filtration Technologies Inc. has a one year low of $21.09 and a one year high of $45.43. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm’s 50 day moving average price is $40.25 and its 200-day moving average price is $34.33. The firm has a market cap of $3.60 billion, a P/E ratio of 20.13, a P/E/G ratio of 4.69 and a beta of 1.68.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. As a group, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s payout ratio is 9.30%.

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.