Clearline Capital LP Has $7.22 Million Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Clearline Capital LP trimmed its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 33.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,249 shares of the company’s stock after selling 96,836 shares during the quarter. Clearline Capital LP’s holdings in Atmus Filtration Technologies were worth $7,215,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in shares of Atmus Filtration Technologies by 854.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company’s stock valued at $5,346,000 after purchasing an additional 166,274 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth $15,475,000. Algert Global LLC boosted its stake in Atmus Filtration Technologies by 516.7% in the third quarter. Algert Global LLC now owns 161,513 shares of the company’s stock valued at $6,062,000 after buying an additional 135,325 shares in the last quarter. Hsbc Holdings PLC bought a new position in Atmus Filtration Technologies in the second quarter valued at about $1,396,000. Finally, Gabelli Funds LLC bought a new position in Atmus Filtration Technologies in the second quarter valued at about $561,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ATMU shares. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $42.00 to $45.00 in a research note on Monday, November 11th. Robert W. Baird increased their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Northland Securities boosted their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.80.

Atmus Filtration Technologies Trading Up 0.5 %

Shares of NYSE ATMU opened at $43.29 on Monday. The firm has a 50 day moving average price of $40.25 and a two-hundred day moving average price of $34.36. The stock has a market cap of $3.60 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 4.71 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 52-week low of $21.09 and a 52-week 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, November 8th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. Atmus Filtration Technologies’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were given a dividend of $0.05 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.30%.

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.