Two Sigma Advisers LP Lowers Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Two Sigma Advisers LP decreased its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 34.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 817,798 shares of the company's stock after selling 435,200 shares during the quarter. Two Sigma Advisers LP owned 0.98% of Atmus Filtration Technologies worth $30,692,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ATMU. Quarry LP acquired a new position in Atmus Filtration Technologies during the second quarter worth about $29,000. GAMMA Investing LLC raised its stake in Atmus Filtration Technologies by 89.3% during 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 in the last quarter. Rothschild Investment LLC acquired a new position in Atmus Filtration Technologies during the second quarter worth about $68,000. KBC Group NV raised its stake in Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after acquiring an additional 718 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Atmus Filtration Technologies during the second quarter worth about $115,000. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Trading Down 0.2 %

ATMU stock traded down $0.09 during trading on Friday, hitting $42.64. The company had a trading volume of 423,894 shares, compared to its average volume of 866,283. The stock has a market cap of $3.54 billion, a PE ratio of 19.83, a PEG ratio of 4.68 and a beta of 1.69. Atmus Filtration Technologies Inc. has a one year low of $21.09 and a one year high of $45.43. The business has a 50-day moving average of $40.83 and a 200-day moving average of $34.77. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. The firm had revenue of $404.00 million for the quarter, compared to analysts' expectations of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. Research analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies's dividend payout ratio is currently 9.30%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Northland Securities upped 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. Robert W. Baird upped their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Wells Fargo & Company downgraded Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and upped their price objective for the company from $42.00 to $45.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Atmus Filtration Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $44.80.

Atmus Filtration Technologies 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.