Qsemble Capital Management LP Has $691,000 Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Qsemble Capital Management LP trimmed its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 52.6% in the third quarter, Holdings Channel.com reports. The firm owned 18,400 shares of the company’s stock after selling 20,433 shares during the quarter. Qsemble Capital Management LP’s holdings in Atmus Filtration Technologies were worth $691,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Quarry LP acquired a new position in Atmus Filtration Technologies in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in shares of Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after acquiring an additional 774 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Atmus Filtration Technologies during the second quarter worth $68,000. KBC Group NV boosted its position in Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after purchasing an additional 718 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in Atmus Filtration Technologies in the second quarter valued at about $115,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Down 0.8 %

Shares of Atmus Filtration Technologies stock opened at $43.72 on Wednesday. Atmus Filtration Technologies Inc. has a 12-month low of $21.09 and a 12-month 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 stock has a 50 day moving average price of $39.85 and a two-hundred day moving average price of $34.09. The stock has a market capitalization of $3.63 billion, a P/E ratio of 20.33, a PEG ratio of 4.84 and a beta of 1.68.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (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 the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. Atmus Filtration Technologies’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. Equities analysts expect that Atmus Filtration Technologies Inc. will post 2.45 earnings per share 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. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. Atmus Filtration Technologies’s payout ratio is presently 9.30%.

Analyst Ratings Changes

ATMU has been the subject of a number of recent research reports. Wells Fargo & Company downgraded 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 research note on Monday, November 11th. Northland Securities raised their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Robert W. Baird increased their price target on shares of 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

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.