Quantbot Technologies LP Sells 11,284 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Quantbot Technologies LP reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 20.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 43,314 shares of the company’s stock after selling 11,284 shares during the period. Quantbot Technologies LP’s holdings in Atmus Filtration Technologies were worth $1,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ATMU. Quarry LP bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC increased its position in Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after acquiring an additional 774 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Atmus Filtration Technologies in the second quarter valued at $68,000. KBC Group NV lifted its holdings in shares of Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after acquiring an additional 718 shares during the last quarter. Finally, nVerses Capital LLC purchased 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ATMU. Northland Securities boosted their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report 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 report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Atmus Filtration Technologies Trading Up 0.7 %

NYSE ATMU opened at $43.37 on Friday. The company’s 50-day simple moving average is $40.25 and its two-hundred day simple moving average is $34.31. Atmus Filtration Technologies Inc. has a one year low of $21.09 and a one year high of $45.43. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 4.69 and a beta of 1.68. 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 (NYSE:ATMU) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal 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 given 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 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.