Charles Schwab Investment Management Inc. Boosts Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Charles Schwab Investment Management Inc. increased its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 5.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 713,143 shares of the company's stock after purchasing an additional 39,114 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.86% of Atmus Filtration Technologies worth $26,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Atmus Filtration Technologies in the second quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in shares of Atmus Filtration Technologies by 89.3% during 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 period. Rothschild Investment LLC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth about $68,000. KBC Group NV lifted its position in Atmus Filtration Technologies by 42.1% in the third quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after purchasing an additional 718 shares during the period. Finally, nVerses Capital LLC bought a new position in Atmus Filtration Technologies during the second quarter valued at about $115,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on ATMU shares. Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $42.00 to $45.00 in a report on Monday, November 11th. Northland Securities raised their target price 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, JPMorgan Chase & Co. raised 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 note on Friday, October 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Atmus Filtration Technologies currently has an average rating of "Moderate Buy" and an average target price of $44.80.

Atmus Filtration Technologies Trading Down 0.7 %

Shares of ATMU stock traded down $0.28 on Thursday, hitting $42.73. The company had a trading volume of 387,157 shares, compared to its average volume of 1,772,722. The stock's 50-day moving average is $40.61 and its two-hundred day moving average is $34.60. Atmus Filtration Technologies Inc. has a twelve month low of $21.09 and a twelve month high of $45.43. The firm has a market cap of $3.55 billion, a P/E ratio of 19.95, a P/E/G ratio of 4.67 and a beta of 1.69. 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 (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same period in the previous year, the company posted $0.52 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.47%. Atmus Filtration Technologies's dividend payout ratio (DPR) is currently 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.