Atom Investors LP Boosts Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Atom Investors LP lifted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 24.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 103,441 shares of the company’s stock after purchasing an additional 20,201 shares during the quarter. Atom Investors LP’s holdings in Atmus Filtration Technologies were worth $3,882,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Atmus Filtration Technologies in the second quarter valued at approximately $29,000. GAMMA Investing LLC increased its holdings in Atmus Filtration Technologies by 89.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after acquiring an additional 774 shares in the last quarter. Rothschild Investment LLC acquired a new position in Atmus Filtration Technologies during the second quarter worth $68,000. KBC Group NV lifted its holdings in 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 purchasing an additional 718 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Atmus Filtration Technologies in the second quarter valued at about $115,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analysts Set New Price Targets

ATMU has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Robert W. Baird raised their target price 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. Northland Securities boosted their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $42.00 to $45.00 in a report 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. According to data from MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average price target of $44.80.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $43.29 on Monday. The business’s 50 day moving average price is $40.25 and its 200 day moving average price is $34.36. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 4.71 and a beta of 1.68. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. Atmus Filtration Technologies Inc. has a one year low of $21.09 and a one year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. On average, research analysts predict 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. 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%.

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.