Atmus Filtration Technologies Inc. (NYSE:ATMU) Holdings Cut by Beaconlight Capital LLC

Beaconlight Capital LLC reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMUFree Report) by 65.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,467 shares of the company’s stock after selling 199,081 shares during the period. Atmus Filtration Technologies accounts for 1.5% of Beaconlight Capital LLC’s investment portfolio, making the stock its 19th biggest holding. Beaconlight Capital LLC owned 0.13% of Atmus Filtration Technologies worth $4,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. bought a new stake in Atmus Filtration Technologies in the fourth quarter worth approximately $63,949,000. Invesco Ltd. boosted its holdings in Atmus Filtration Technologies by 806.1% in the fourth quarter. Invesco Ltd. now owns 1,167,382 shares of the company’s stock worth $45,738,000 after purchasing an additional 1,038,541 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Atmus Filtration Technologies in the fourth quarter worth $26,152,000. Assenagon Asset Management S.A. acquired a new position in Atmus Filtration Technologies during the fourth quarter worth $14,877,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Atmus Filtration Technologies by 2,022.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 336,783 shares of the company’s stock valued at $13,195,000 after buying an additional 320,917 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ATMU shares. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company dropped their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Finally, Robert W. Baird decreased their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, February 24th.

Check Out Our Latest Analysis on ATMU

Atmus Filtration Technologies Trading Up 2.3 %

Shares of ATMU opened at $36.08 on Friday. The stock’s fifty day simple moving average is $35.82 and its 200-day simple moving average is $39.11. The firm has a market capitalization of $2.98 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 3.99 and a beta of 1.81. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43. 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 (NYSE:ATMUGet Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. As a group, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 0.55%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is currently 9.05%.

About Atmus Filtration Technologies

(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.

See Also

Institutional Ownership by Quarter for Atmus Filtration Technologies (NYSE:ATMU)

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