Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Quadrature Capital Ltd

Quadrature Capital Ltd lowered its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 84.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,812 shares of the company's stock after selling 68,172 shares during the quarter. Quadrature Capital Ltd's holdings in Atmus Filtration Technologies were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Quarry LP purchased a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC increased its holdings in Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock valued at $62,000 after buying an additional 774 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Atmus Filtration Technologies in the second quarter valued at $68,000. KBC Group NV lifted its holdings in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after buying an additional 718 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth about $115,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ATMU has been the subject of several recent analyst reports. Wells Fargo & Company cut Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and boosted their target price for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted 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 report on Friday, October 11th. Northland Securities increased their target price 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 boosted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $44.80.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock traded down $1.69 during midday trading on Monday, reaching $40.95. The company's stock had a trading volume of 1,472,739 shares, compared to its average volume of 1,765,764. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $45.43. The firm has a market capitalization of $3.40 billion, a PE ratio of 19.83, a P/E/G ratio of 4.64 and a beta of 1.69. The stock's 50 day simple moving average is $40.83 and its 200 day simple moving average is $34.81.

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 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 return on equity of 134.28% and a net margin of 10.84%. Atmus Filtration Technologies's quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. On average, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share 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 paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies's payout ratio is currently 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.