Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Acquired by Atom Investors LP

Atom Investors LP increased its position in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 24.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,441 shares of the company's stock after acquiring an additional 20,201 shares during the period. Atom Investors LP owned approximately 0.12% of Atmus Filtration Technologies worth $3,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of ATMU. Quarry LP purchased a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $29,000. GAMMA Investing LLC boosted its stake in Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock worth $62,000 after buying an additional 774 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Atmus Filtration Technologies in the second quarter valued at $68,000. KBC Group NV grew its holdings in shares of Atmus Filtration Technologies by 42.1% in 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 position in shares of Atmus Filtration Technologies in the second quarter worth $115,000. Hedge funds and other institutional investors own 32.73% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ATMU. Northland Securities raised their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $42.00 to $45.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Finally, Robert W. Baird boosted their target price on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Atmus Filtration Technologies has an average rating of "Moderate Buy" and an average price target of $44.80.

Atmus Filtration Technologies Trading Up 0.8 %

ATMU traded up $0.35 during trading on Monday, hitting $43.64. The company's stock had a trading volume of 1,230,408 shares, compared to its average volume of 1,783,250. Atmus Filtration Technologies Inc. has a twelve month low of $21.09 and a twelve month high of $45.43. The stock has a market cap of $3.63 billion, a PE ratio of 20.13, a PEG ratio of 4.71 and a beta of 1.68. The firm's 50 day moving average price is $40.25 and its 200-day moving average price is $34.36. 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 - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The firm had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The business's quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts expect that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were given 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 is presently 9.30%.

Atmus Filtration Technologies 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.