Schonfeld Strategic Advisors 13F: Cuts ATMU Stake by $4M

Schonfeld Trims Atmus Investment

Schonfeld Strategic Advisors dialed back its investment in Atmus Filtration Technologies Inc. (NYSE: ATMU) during the first quarter. According to its latest Form 13F filing with the Securities and Exchange Commission, the investment firm cut its holdings in the industrial company by 21.6%. The fund sold 79,414 shares during the period, leaving it with a remaining balance of 286,704 shares.

The remaining stake was valued at $14.62 million by the end of the quarter. It is worth noting that 13F filings are backward-looking documents that show what a fund held at the close of a specific reporting period. Because of this lag, these disclosures may not reflect the firm's current portfolio or actual share count today.

Atmus Share Price Moves Since the Filing

Atmus shares were priced at $50.99 on Saturday. The stock has been trading in a solid range, staying well above its 50-day moving average of $49.61, though it remains slightly below its 200-day moving average of $54.30. Investors have watched the stock climb from its 52-week low of $42.60, though it has some room to run before it tests its yearly high of $66.50.

With a price-to-earnings ratio of 17.08, the stock is valued reasonably relative to its corporate earnings. The company has a market capitalization of $3.64 billion, establishing it as a key mid-sized player in the automotive and industrial parts sector.

Strong Financial Fundamentals Support the Stock

Atmus continues to demonstrate healthy financial health. The company generated $1.90 billion in revenue over the last twelve months, which represents a solid revenue growth rate of 16.4%. Profits remain strong as well, with the company reporting a net margin of 11.3% and a return on equity of 55.8%.

Atmus also keeps a healthy balance sheet, showing a current ratio of 2.65 and a quick ratio of 1.72. These liquidity ratios show the company has plenty of short-term cash and liquid assets to cover its immediate liabilities, even with a debt-to-equity ratio sitting at 232.3%.

Regular Income via Dividends

Unlike many younger industrial spin-offs, Atmus pays a regular dividend to its shareholders. The company has an annual dividend rate of $0.24 per share, which translates to a dividend yield of 0.55%. This payout is highly secure, as the company has a conservative dividend payout ratio of only 8.43%, leaving plenty of cash left over to fund operations and future expansion.

JP Morgan Weighs In on Atmus Valuation

Wall Street analysts keep a close eye on Atmus. On October 8, 2026, JP Morgan updated its outlook. The firm maintained its Overweight rating on Atmus shares but lowered its price target to $54.00, down from a previous target of $67.00.

Even with that target reduction, the broader consensus among analysts remains highly favorable. The stock has a consensus buy rating among five analysts. The average price target across those analysts is $65.20, with a high estimate of $73.00 and a low estimate of $56.00. This average target suggests analysts believe the stock has notable room to grow from its recent trading levels.

Filtration Solutions for Big Machinery

Atmus Filtration Technologies manufactures and sells heavy-duty filtration products under the Fleetguard brand. The company serves the commercial truck, agriculture, mining, and construction industries. It was originally founded in 1958 and operates out of its headquarters in Nashville, Tennessee.

What to Watch at Atmus Filtration Technologies Inc.

Investors tracking Atmus can look forward to the company's next scheduled earnings report on November 6, 2026. This release will provide fresh details on revenue, profitability, and profit margins. Future institutional filings will also show whether other large asset managers followed Schonfeld's lead in trimming their positions or if they chose to buy into the Nashville-based manufacturer.