Atmus Filtration Technologies Inc. (NYSE:ATMU) Stock Position Lessened by AQR Capital Management LLC

AQR Capital Management LLC reduced its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,568 shares of the company’s stock after selling 40,054 shares during the quarter. AQR Capital Management LLC owned about 0.26% of Atmus Filtration Technologies worth $8,485,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new stake in shares of Atmus Filtration Technologies in the fourth quarter valued at $26,000. New Age Alpha Advisors LLC bought a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC grew its stake in shares of Atmus Filtration Technologies by 333.1% in 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 during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Atmus Filtration Technologies by 295.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Quarry LP lifted its stake in Atmus Filtration Technologies by 70.9% during the fourth quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after purchasing an additional 827 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Down 1.8 %

NYSE ATMU opened at $35.66 on Wednesday. The firm’s 50 day moving average price is $35.70 and its two-hundred day moving average price is $39.05. 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 Inc. has a twelve month low of $27.62 and a twelve month high of $45.43. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $424.03 million. During the same period in the previous year, the firm earned $0.60 earnings per share. Atmus Filtration Technologies’s quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

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. This represents a $0.20 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Analyst Upgrades and Downgrades

ATMU has been the topic of several recent research reports. Robert W. Baird decreased their price target on shares of 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. boosted their target price on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Wells Fargo & Company increased their price target on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday.

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.