Mangrove Partners IM LLC Sells 15,326 Shares of Atmus Filtration Technologies Inc. $ATMU

Mangrove Partners IM LLC trimmed its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,315,227 shares of the company’s stock after selling 15,326 shares during the period. Atmus Filtration Technologies makes up 5.6% of Mangrove Partners IM LLC’s portfolio, making the stock its 3rd biggest holding. Mangrove Partners IM LLC’s holdings in Atmus Filtration Technologies were worth $68,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ATMU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Atmus Filtration Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,874 shares of the company’s stock worth $1,832,000 after buying an additional 2,176 shares during the last quarter. Millennium Management LLC boosted its stake in Atmus Filtration Technologies by 17.5% in the 1st quarter. Millennium Management LLC now owns 219,639 shares of the company’s stock worth $8,067,000 after buying an additional 32,727 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after buying an additional 412 shares during the last quarter. Caxton Associates LLP acquired a new stake in Atmus Filtration Technologies in the 1st quarter worth about $283,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Atmus Filtration Technologies by 2.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company’s stock worth $5,864,000 after buying an additional 3,419 shares during the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Atmus Filtration Technologies from $70.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Wall Street Zen lowered Atmus Filtration Technologies from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings lowered Atmus Filtration Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 11th. Zacks Research lowered Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $51.67 on Wednesday. The firm has a market capitalization of $4.22 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.14 and a beta of 1.24. Atmus Filtration Technologies Inc. has a 1-year low of $34.58 and a 1-year high of $66.50. The company has a debt-to-equity ratio of 2.47, a current ratio of 2.53 and a quick ratio of 1.70. The business’s 50-day simple moving average is $54.64 and its 200-day simple moving average is $56.30.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. The firm had revenue of $477.50 million for the quarter, compared to analyst estimates of $474.41 million. Atmus Filtration Technologies had a return on equity of 64.29% and a net margin of 11.56%.Atmus Filtration Technologies’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. Equities analysts predict that Atmus Filtration Technologies Inc. will post 2.95 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, May 26th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s payout ratio is 8.63%.

Insider Activity

In related news, Director Gretchen R. Haggerty purchased 1,973 shares of Atmus Filtration Technologies stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of $55.74 per share, with a total value of $109,975.02. Following the transaction, the director owned 25,741 shares of the company’s stock, valued at approximately $1,434,803.34. The trade was a 8.30% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Charles Masters sold 2,890 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.25, for a total value of $130,772.50. Following the transaction, the senior vice president directly owned 43,579 shares in the company, valued at $1,971,949.75. This trade represents a 6.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 36,240 shares of company stock worth $1,639,860 in the last ninety days. 0.43% of the stock is currently owned by company insiders.

Atmus Filtration Technologies Profile

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.