FORA Capital LLC purchased a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,099 shares of the company's stock, valued at approximately $1,242,000.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Atmus Filtration Technologies by 366.5% in the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company's stock valued at $260,601,000 after purchasing an additional 6,348,391 shares during the last quarter. Boston Partners acquired a new stake in Atmus Filtration Technologies during the 1st quarter worth $27,102,000. Renaissance Technologies LLC purchased a new stake in Atmus Filtration Technologies in the second quarter valued at $17,743,000. Price T Rowe Associates Inc. MD lifted its position in Atmus Filtration Technologies by 38.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company's stock valued at $67,355,000 after acquiring an additional 583,078 shares during the last quarter. Finally, Eagle Asset Management Inc. acquired a new position in Atmus Filtration Technologies in the third quarter valued at $21,635,000. Institutional investors and hedge funds own 32.73% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on ATMU shares. Robert W. Baird lifted their price objective 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 lowered shares of Atmus Filtration Technologies from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $42.00 to $45.00 in a research note on Monday, November 11th. Northland Securities increased their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Finally, 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 note on Friday, October 11th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $44.80.
View Our Latest Report on Atmus Filtration Technologies
Atmus Filtration Technologies Trading Down 1.5 %
Shares of NYSE:ATMU traded down $0.66 during midday trading on Thursday, reaching $43.06. The company's stock had a trading volume of 557,035 shares, compared to its average volume of 1,791,925. The business has a 50 day moving average price of $40.00 and a 200 day moving average price of $34.16. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 4.80 and a beta of 1.68.
Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The business had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. During the same period in the prior year, the firm posted $0.52 EPS. The company's revenue was up 2.0% on a year-over-year basis. Research analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.
Atmus Filtration Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.05 per share. 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 dividend payout ratio is currently 9.30%.
Atmus Filtration Technologies Profile
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Free Report)
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.
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