Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 18.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 590,100 shares of the company's stock after buying an additional 93,900 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.71% of Atmus Filtration Technologies worth $22,146,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP purchased a new position in shares of Atmus Filtration Technologies in the second quarter worth $29,000. GAMMA Investing LLC lifted its stake in Atmus Filtration Technologies by 89.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company's stock worth $62,000 after purchasing an additional 774 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Atmus Filtration Technologies during the 2nd quarter valued at about $68,000. KBC Group NV grew its position in shares of Atmus Filtration Technologies by 42.1% during 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 bought a new stake in shares of Atmus Filtration Technologies in the second quarter worth about $115,000. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Trading Up 0.7 %

ATMU traded up $0.31 during trading on Friday, hitting $43.37. 340,844 shares of the stock were exchanged, compared to its average volume of 1,785,644. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm has a 50 day simple moving average of $40.12 and a 200 day simple moving average of $34.22. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 4.69 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 1 year low of $21.09 and a 1 year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its 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. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company had revenue of $404.00 million for the quarter, compared to analysts' expectations of $403.40 million. During the same period in the prior year, the business earned $0.52 EPS. The firm's quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts expect that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were paid a $0.05 dividend. 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 (DPR) is presently 9.30%.

Analysts Set New Price Targets

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

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.