Chesapeake Capital Corp IL Purchases New Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Chesapeake Capital Corp IL acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,719 shares of the company's stock, valued at approximately $550,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ATMU. Evermay Wealth Management LLC purchased a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $29,000. Quarry LP acquired a new position in Atmus Filtration Technologies in the second quarter valued at $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 valued at $62,000 after purchasing an additional 774 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Atmus Filtration Technologies during the second quarter valued at about $68,000. Finally, KBC Group NV grew its holdings in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock worth $91,000 after acquiring an additional 718 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU traded up $0.16 during trading hours on Friday, reaching $43.26. 900,266 shares of the stock were exchanged, compared to its average volume of 861,663. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 4.76 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 52 week low of $20.44 and a 52 week high of $44.66. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.30 and a current ratio of 2.11. The stock's fifty day simple moving average is $38.64 and its 200 day simple moving average is $33.40.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. The firm had revenue of $404.00 million during the quarter, compared to analysts' expectations 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 was up 2.0% on a year-over-year basis. During the same period last year, the company earned $0.52 earnings per share. Sell-side analysts predict 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. Investors of record on Thursday, October 31st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. Atmus Filtration Technologies's payout ratio is 9.30%.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Gretchen R. Haggerty bought 5,849 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of $34.20 per share, with a total value of $200,035.80. Following the transaction, the director now owns 19,882 shares of the company's stock, valued at approximately $679,964.40. The trade was a 41.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.43% of the company's stock.

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.