Qsemble Capital Management LP decreased its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 52.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in Atmus Filtration Technologies by 854.0% during the second quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company's stock worth $5,346,000 after buying an additional 166,274 shares during the period. Burney Co. bought a new stake in Atmus Filtration Technologies during the first quarter valued at about $567,000. Vanguard Group Inc. grew its stake in Atmus Filtration Technologies by 366.5% in the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company's stock valued at $260,601,000 after purchasing an additional 6,348,391 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of Atmus Filtration Technologies during the second quarter valued at about $15,475,000. Finally, Boston Partners bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at about $27,102,000. Hedge funds and other institutional investors own 32.73% of the company's stock.
Atmus Filtration Technologies Stock Down 0.0 %
ATMU stock traded down $0.02 during trading on Wednesday, hitting $43.70. 24,024 shares of the company's stock were exchanged, compared to its average volume of 1,789,542. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 4.80 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 52-week low of $21.09 and a 52-week high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The business has a 50-day moving average price of $39.85 and a two-hundred day moving average price of $34.09.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. The firm 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 revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.
Atmus Filtration Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio is currently 9.30%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Northland Securities lifted their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company cut shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and lifted their price objective for the company from $42.00 to $45.00 in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.80.
View Our Latest Stock Report on Atmus Filtration Technologies
Atmus Filtration Technologies Company Profile
(
Free Report)
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.
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