Beaconlight Capital LLC Has $4.13 Million Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Beaconlight Capital LLC trimmed its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 65.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 105,467 shares of the company’s stock after selling 199,081 shares during the period. Atmus Filtration Technologies makes up 1.5% of Beaconlight Capital LLC’s holdings, making the stock its 19th largest holding. Beaconlight Capital LLC’s holdings in Atmus Filtration Technologies were worth $4,132,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Tidal Investments LLC bought a new position in Atmus Filtration Technologies in the third quarter valued at about $552,000. JPMorgan Chase & Co. grew its holdings in shares of Atmus Filtration Technologies by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after purchasing an additional 21,687 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Atmus Filtration Technologies during the 4th quarter valued at approximately $14,877,000. Nisa Investment Advisors LLC increased its position in Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies in the 4th quarter valued at approximately $26,000. 32.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ATMU has been the topic of a number of research reports. Robert W. Baird reduced their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. reduced 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. Finally, Wells Fargo & Company dropped their price objective on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, February 24th.

Atmus Filtration Technologies Stock Up 2.3 %

Atmus Filtration Technologies stock opened at $36.08 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $2.98 billion, a PE ratio of 16.33, a PEG ratio of 3.99 and a beta of 1.81. The firm’s fifty day moving average is $35.82 and its 200 day moving average is $39.11. Atmus Filtration Technologies Inc. has a 12-month low of $27.62 and a 12-month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The firm had revenue of $110.50 million during the quarter, compared to analysts’ expectations of $424.03 million. During the same quarter last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were issued 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 currently 9.05%.

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.