Harbor Capital Advisors Inc. Sells 31,682 Shares of Atmus Filtration Technologies Inc. $ATMU

Harbor Capital Advisors Inc. trimmed its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 79.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,048 shares of the company’s stock after selling 31,682 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Atmus Filtration Technologies were worth $363,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State of Wyoming raised its position in Atmus Filtration Technologies by 62.0% in the 1st quarter. State of Wyoming now owns 10,624 shares of the company’s stock worth $390,000 after purchasing an additional 4,064 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Atmus Filtration Technologies by 1.9% during the first quarter. The Manufacturers Life Insurance Company now owns 1,331,915 shares of the company’s stock valued at $48,921,000 after buying an additional 25,167 shares during the last quarter. PDT Partners LLC grew its stake in shares of Atmus Filtration Technologies by 34.3% during the first quarter. PDT Partners LLC now owns 100,354 shares of the company’s stock valued at $3,686,000 after buying an additional 25,613 shares during the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Atmus Filtration Technologies by 253.2% in the first quarter. Dark Forest Capital Management LP now owns 253,532 shares of the company’s stock worth $9,312,000 after buying an additional 181,750 shares during the period. Finally, Ancora Advisors LLC lifted its stake in shares of Atmus Filtration Technologies by 2.2% in the 1st quarter. Ancora Advisors LLC now owns 370,345 shares of the company’s stock valued at $13,603,000 after acquiring an additional 7,860 shares during the last quarter. Institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Atmus Filtration Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Wells Fargo & Company raised their target price on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $53.00 to $60.00 in a research report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Atmus Filtration Technologies Price Performance

ATMU opened at $52.68 on Tuesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14. The stock has a market capitalization of $4.29 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 3.49 and a beta of 1.57. The stock’s 50 day moving average price is $49.60 and its 200-day moving average price is $44.32. Atmus Filtration Technologies Inc. has a 52-week low of $30.94 and a 52-week high of $54.84.

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

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend 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 presently 9.17%.

Atmus Filtration Technologies Company 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.