Dark Forest Capital Management LP Has $2.81 Million Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Dark Forest Capital Management LP reduced its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,782 shares of the company's stock after selling 25,567 shares during the quarter. Dark Forest Capital Management LP owned about 0.09% of Atmus Filtration Technologies worth $2,812,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ATMU. Massachusetts Financial Services Co. MA raised its holdings in Atmus Filtration Technologies by 7.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,249,812 shares of the company's stock worth $48,968,000 after purchasing an additional 81,502 shares during the last quarter. Invesco Ltd. raised its stake in Atmus Filtration Technologies by 806.1% during the fourth quarter. Invesco Ltd. now owns 1,167,382 shares of the company's stock worth $45,738,000 after buying an additional 1,038,541 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Atmus Filtration Technologies by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 753,495 shares of the company's stock valued at $29,522,000 after buying an additional 40,352 shares during the period. Boston Partners lifted its holdings in Atmus Filtration Technologies by 1.6% in the fourth quarter. Boston Partners now owns 745,235 shares of the company's stock valued at $29,572,000 after buying an additional 11,819 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Atmus Filtration Technologies by 39.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 738,469 shares of the company's stock valued at $28,931,000 after acquiring an additional 208,550 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $33.10 on Wednesday. The business has a 50-day simple moving average of $36.56 and a 200 day simple moving average of $39.35. Atmus Filtration Technologies Inc. has a one year low of $27.62 and a one year high of $45.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 3.99 and a beta of 1.78.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. On average, research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio (DPR) is 9.05%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ATMU. Robert W. Baird dropped their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. cut their price target on Atmus Filtration Technologies from $46.00 to $38.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th.

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.

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