Atom Investors LP Increases Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Atom Investors LP boosted its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 24.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,441 shares of the company’s stock after buying an additional 20,201 shares during the quarter. Atom Investors LP owned approximately 0.12% of Atmus Filtration Technologies worth $3,882,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at $29,000. GAMMA Investing LLC grew its stake in Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after purchasing an additional 774 shares during the last quarter. Rothschild Investment LLC bought a new position in Atmus Filtration Technologies in the second quarter worth about $68,000. KBC Group NV lifted its position in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after buying an additional 718 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $115,000. Institutional investors own 32.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ATMU. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Northland Securities boosted their target price 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, Robert W. Baird upped their price objective 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Trading Up 0.5 %

Atmus Filtration Technologies stock opened at $43.29 on Monday. The stock has a 50-day moving average price of $40.25 and a 200 day moving average price of $34.36. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 4.71 and a beta of 1.68. 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.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued a $0.05 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.30%.

Atmus Filtration Technologies Company Profile

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.