Ionic Capital Management LLC Sells 21,562 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Ionic Capital Management LLC trimmed its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,156 shares of the company’s stock after selling 21,562 shares during the quarter. Atmus Filtration Technologies accounts for approximately 0.4% of Ionic Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Ionic Capital Management LLC owned approximately 0.11% of Atmus Filtration Technologies worth $3,493,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ATMU. Tidal Investments LLC purchased a new position in Atmus Filtration Technologies during the 3rd quarter worth $552,000. JPMorgan Chase & Co. increased its stake in shares of Atmus Filtration Technologies by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after buying an additional 21,687 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at about $14,877,000. Nisa Investment Advisors LLC raised its holdings in shares of Atmus Filtration Technologies by 333.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after acquiring an additional 876 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies in the fourth quarter worth about $26,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $36.27 on Friday. The company has a market capitalization of $3.00 billion, a PE ratio of 16.41, a P/E/G ratio of 3.99 and a beta of 1.81. The company has a 50-day simple moving average of $35.57 and a two-hundred day simple moving average of $39.00. 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 quick ratio of 1.35 and a current ratio of 2.11.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, May 2nd. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. The firm had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. Atmus Filtration Technologies’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. Research analysts expect that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. 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 9.05%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Wells Fargo & Company lifted their price objective on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Finally, Robert W. Baird reduced their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, February 24th.

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.