Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Healthcare of Ontario Pension Plan Trust Fund raised its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 18.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 590,100 shares of the company’s stock after buying an additional 93,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Atmus Filtration Technologies were worth $22,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of Atmus Filtration Technologies in the first quarter worth $414,000. California State Teachers Retirement System grew its stake in shares of Atmus Filtration Technologies by 38.5% in the 1st quarter. California State Teachers Retirement System now owns 24,592 shares of the company’s stock valued at $793,000 after purchasing an additional 6,831 shares during the last quarter. Burney Co. acquired a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at approximately $567,000. Boston Partners acquired a new position in Atmus Filtration Technologies during the first quarter worth $27,102,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Atmus Filtration Technologies by 103.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 28,008 shares of the company’s stock worth $806,000 after purchasing an additional 14,210 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Down 1.5 %

Shares of Atmus Filtration Technologies stock opened at $43.06 on Friday. Atmus Filtration Technologies Inc. has a 1-year low of $21.09 and a 1-year high of $45.43. The company has a market capitalization of $3.58 billion, a P/E ratio of 20.03, a PEG ratio of 4.80 and a beta of 1.68. The business’s fifty day moving average price is $40.12 and its two-hundred day moving average price is $34.22. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results 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 net margin of 10.84% and a return on equity of 134.28%. The firm had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same quarter in the prior year, the firm posted $0.52 EPS. Atmus Filtration Technologies’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts forecast 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. Investors of record on Thursday, October 31st were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 0.46%. Atmus Filtration Technologies’s payout ratio is 9.30%.

Analyst Ratings Changes

ATMU has been the subject of a number of research analyst reports. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $42.00 to $45.00 in a research note on Monday, November 11th. Robert W. Baird raised their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Finally, Northland Securities increased their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.