Y Intercept Hong Kong Ltd Raises Stake in Atmus Filtration Technologies Inc. $ATMU

by · The Cerbat Gem

Y Intercept Hong Kong Ltd grew its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU – Free Report) by 49.2% in the third quarter, Holdings Channel reports. The fund owned 87,051 shares of the company’s stock after purchasing an additional 28,721 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Atmus Filtration Technologies were worth $3,925,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ATMU. Eminence Capital LP grew its holdings in shares of Atmus Filtration Technologies by 12.0% in the second quarter. Eminence Capital LP now owns 6,448,993 shares of the company’s stock valued at $234,872,000 after purchasing an additional 691,939 shares during the period. First Trust Advisors LP grew its stake in shares of Atmus Filtration Technologies by 73.2% in the 2nd quarter. First Trust Advisors LP now owns 1,024,574 shares of the company’s stock valued at $37,315,000 after buying an additional 433,166 shares during the period. Geode Capital Management LLC grew its stake in shares of Atmus Filtration Technologies by 20.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock valued at $86,154,000 after buying an additional 407,484 shares during the period. Marshall Wace LLP increased its holdings in shares of Atmus Filtration Technologies by 119.2% during the 2nd quarter. Marshall Wace LLP now owns 676,878 shares of the company’s stock worth $24,652,000 after buying an additional 368,125 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Atmus Filtration Technologies by 41.7% during the 2nd quarter. Raymond James Financial Inc. now owns 949,950 shares of the company’s stock valued at $34,597,000 after buying an additional 279,681 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Down 1.9%

Shares of NYSE ATMU opened at $56.54 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.41 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $4.61 billion, a PE ratio of 23.56, a PEG ratio of 2.48 and a beta of 1.57. Atmus Filtration Technologies Inc. has a twelve month low of $30.94 and a twelve month high of $58.18. The stock has a fifty day simple moving average of $52.64 and a 200-day simple moving average of $46.78.

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

Atmus Filtration Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th were issued 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 payout ratio is 9.17%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price target 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Zacks Research raised shares of Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average price target of $50.50.

View Our Latest Stock Report on ATMU

Atmus Filtration Technologies Company Profile

(Free Report)

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.

See Also

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