Schonfeld Strategic Advisors LLC Trims Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 94.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,482 shares of the company’s stock after selling 192,501 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Atmus Filtration Technologies were worth $411,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies during the 4th quarter valued at about $26,000. New Age Alpha Advisors LLC bought a new stake in Atmus Filtration Technologies during the 4th quarter valued at approximately $32,000. Nisa Investment Advisors LLC boosted 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 valued at $45,000 after acquiring an additional 876 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock valued at $54,000 after acquiring an additional 1,022 shares in the last quarter. Finally, Quarry LP boosted its position in Atmus Filtration Technologies by 70.9% during the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after acquiring an additional 827 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $36.27 on Monday. 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 business’s 50 day moving average price is $35.57 and its 200-day moving average price is $38.99. Atmus Filtration Technologies Inc. has a 52 week low of $27.62 and a 52 week high of $45.43. The stock has a market cap of $3.00 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $424.03 million. During the same period in the previous year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share 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. Stockholders of record on Tuesday, March 4th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.55%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ATMU shares. Robert W. Baird cut 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. Wells Fargo & Company lifted their price objective on Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, May 5th.

About Atmus Filtration Technologies

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.