AlphaQuest LLC Grows Holdings in Atmus Filtration Technologies Inc. $ATMU

AlphaQuest LLC increased its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 29.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,829 shares of the company’s stock after buying an additional 10,247 shares during the period. AlphaQuest LLC owned 0.05% of Atmus Filtration Technologies worth $2,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System lifted its stake in Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after acquiring an additional 236 shares during the period. Bessemer Group Inc. boosted its stake in shares of Atmus Filtration Technologies by 31.4% during the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock valued at $42,000 after purchasing an additional 272 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in Atmus Filtration Technologies by 2.1% during the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock valued at $626,000 after buying an additional 285 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Atmus Filtration Technologies by 5.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock worth $266,000 after buying an additional 301 shares in the last quarter. Finally, Creative Planning lifted its holdings in Atmus Filtration Technologies by 4.9% during the second quarter. Creative Planning now owns 6,688 shares of the company’s stock worth $244,000 after buying an additional 312 shares during the period. 32.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Wells Fargo & Company raised their price target on shares of Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $58.01 on Friday. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The company’s fifty day moving average price is $53.70 and its 200-day moving average price is $47.32. Atmus Filtration Technologies Inc. has a 1-year low of $30.94 and a 1-year high of $58.18. The firm has a market capitalization of $4.73 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 2.55 and a beta of 1.57.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. The business had revenue of $447.70 million for the quarter, compared to analyst estimates of $415.02 million. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. On average, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were paid a $0.055 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is presently 9.17%.

About Atmus Filtration Technologies

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.