Aigen Investment Management LP Makes New $763,000 Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Aigen Investment Management LP purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 20,335 shares of the company's stock, valued at approximately $763,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Jag Capital Management LLC bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $266,000. Harbor Capital Advisors Inc. grew its position in shares of Atmus Filtration Technologies by 11.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 31,319 shares of the company's stock valued at $1,175,000 after buying an additional 3,311 shares during the last quarter. Palliser Capital UK Ltd bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at about $2,090,000. abrdn plc grew its position in shares of Atmus Filtration Technologies by 32.5% in the 3rd quarter. abrdn plc now owns 725,732 shares of the company's stock valued at $27,237,000 after buying an additional 178,074 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Atmus Filtration Technologies by 4.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company's stock valued at $535,000 after buying an additional 626 shares during the last quarter. Institutional investors own 32.73% of the company's stock.

Atmus Filtration Technologies Stock Up 2.4 %

NYSE:ATMU traded up $1.01 on Wednesday, hitting $43.57. The stock had a trading volume of 911,552 shares, compared to its average volume of 1,840,200. The business's fifty day moving average is $38.02 and its 200 day moving average is $33.15. The company has a market cap of $3.62 billion, a PE ratio of 20.30, a P/E/G ratio of 4.79 and a beta of 1.68. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 52 week low of $20.05 and a 52 week high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share (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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.37 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ATMU shares. 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. Robert W. Baird upped 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. Wells Fargo & Company lowered Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and upped their target price for the company from $42.00 to $45.00 in a research report on Monday. Finally, Northland Securities upped their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $44.80.

Insider Transactions at Atmus Filtration Technologies

In related news, Director Gretchen R. Haggerty acquired 5,849 shares of the stock in a transaction dated Friday, August 23rd. The stock was purchased at an average cost of $34.20 per share, with a total value of $200,035.80. Following the completion of the purchase, the director now directly owns 19,882 shares in the company, valued at $679,964.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.43% of the company's stock.

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.