Parsifal Capital Management LP Has $102.13 Million Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Parsifal Capital Management LP grew its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,721,278 shares of the company’s stock after acquiring an additional 58,478 shares during the quarter. Atmus Filtration Technologies comprises approximately 7.0% of Parsifal Capital Management LP’s portfolio, making the stock its 8th biggest position. Parsifal Capital Management LP owned approximately 3.27% of Atmus Filtration Technologies worth $102,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new stake in Atmus Filtration Technologies in the 2nd quarter worth about $17,743,000. Eagle Asset Management Inc. purchased a new position in Atmus Filtration Technologies in the third quarter worth about $21,635,000. Davidson Kempner Capital Management LP purchased a new position in Atmus Filtration Technologies in the second quarter worth about $15,475,000. Victory Capital Management Inc. lifted its position in shares of Atmus Filtration Technologies by 83.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock valued at $32,397,000 after buying an additional 512,390 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at about $14,281,000. 32.73% of the stock is currently owned by institutional investors.

Atmus Filtration Technologies Price Performance

ATMU opened at $42.86 on Wednesday. The business has a fifty day moving average of $40.50 and a 200 day moving average of $34.54. Atmus Filtration Technologies Inc. has a 52-week low of $21.09 and a 52-week high of $45.43. 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 stock has a market cap of $3.56 billion, a P/E ratio of 19.93, a PEG ratio of 4.75 and a beta of 1.69.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. During the same quarter in the previous year, the business earned $0.52 EPS. Atmus Filtration Technologies’s revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is 9.30%.

Wall Street Analysts Forecast Growth

ATMU has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Northland Securities lifted their price objective on 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, Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

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.