MQS Management LLC Buys Shares of 7,087 Atmus Filtration Technologies Inc. $ATMU

MQS Management LLC purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the second quarter, Holdings Channel reports. The firm purchased 7,087 shares of the company’s stock, valued at approximately $258,000.

A number of other large investors have also recently modified their holdings of ATMU. Nuveen LLC purchased a new stake in shares of Atmus Filtration Technologies in the first quarter valued at approximately $48,966,000. Eminence Capital LP boosted its holdings in shares of Atmus Filtration Technologies by 25.4% in the first quarter. Eminence Capital LP now owns 5,757,054 shares of the company’s stock valued at $211,457,000 after purchasing an additional 1,164,440 shares during the period. Invesco Ltd. boosted its holdings in shares of Atmus Filtration Technologies by 84.8% in the first quarter. Invesco Ltd. now owns 2,157,850 shares of the company’s stock valued at $79,258,000 after purchasing an additional 990,468 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Atmus Filtration Technologies by 24.5% in the first quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company’s stock valued at $89,094,000 after purchasing an additional 478,018 shares during the period. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Atmus Filtration Technologies by 253.2% in the first quarter. Dark Forest Capital Management LP now owns 253,532 shares of the company’s stock valued at $9,312,000 after purchasing an additional 181,750 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $45.79 on Tuesday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. The stock’s fifty day moving average price is $44.83 and its 200 day moving average price is $39.76. Atmus Filtration Technologies Inc. has a 1 year low of $30.94 and a 1 year high of $47.10. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 5.51 and a beta of 1.63.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The company had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same period in the prior year, the company earned $0.71 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, equities research analysts forecast that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 26th. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.05. Atmus Filtration Technologies’s dividend payout ratio is currently 9.73%.

Wall Street Analysts Forecast Growth

ATMU has been the subject of a number of recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. JPMorgan Chase & Co. boosted their price objective on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

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.