PDT Partners LLC Sells 18,909 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

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

A number of other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its position 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 period. The Manufacturers Life Insurance Company raised its stake in Atmus Filtration Technologies by 27.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company's stock worth $47,537,000 after acquiring an additional 272,890 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Atmus Filtration Technologies by 26.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,153,484 shares of the company's stock worth $43,290,000 after acquiring an additional 242,718 shares in the last quarter. Victory Capital Management Inc. grew its position in Atmus Filtration Technologies by 83.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company's stock worth $32,397,000 after purchasing an additional 512,390 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in 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 purchasing an additional 227,576 shares during the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Trading Up 0.5 %

Shares of ATMU stock traded up $0.23 during mid-day trading on Friday, reaching $43.29. 340,849 shares of the stock traded hands, compared to its average volume of 826,144. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 4.71 and a beta of 1.68. The stock's fifty day simple moving average is $40.25 and its two-hundred day simple moving average is $34.36. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 1-year low of $21.09 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. The company had revenue of $404.00 million for 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 firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

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

Analysts Set New Price Targets

ATMU has been the subject of a number of analyst reports. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and boosted their price objective for the company from $42.00 to $45.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, October 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. Finally, Robert W. Baird raised their price objective 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 given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.