Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Bought by Parsifal Capital Management LP

Parsifal Capital Management LP increased its holdings in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 2.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,721,278 shares of the company's stock after acquiring an additional 58,478 shares during the period. Atmus Filtration Technologies makes up about 7.0% of Parsifal Capital Management LP's portfolio, making the stock its 8th largest holding. Parsifal Capital Management LP owned 3.27% of Atmus Filtration Technologies worth $102,130,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $17,743,000. Eagle Asset Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $21,635,000. Davidson Kempner Capital Management LP acquired a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $15,475,000. Victory Capital Management Inc. boosted its holdings in shares of Atmus Filtration Technologies by 83.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company's stock worth $32,397,000 after purchasing an additional 512,390 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at approximately $14,281,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Up 0.3 %

Shares of NYSE:ATMU traded up $0.13 during trading on Wednesday, hitting $43.01. The company's stock had a trading volume of 1,070,845 shares, compared to its average volume of 1,777,995. The business has a 50 day moving average price of $40.50 and a two-hundred day moving average price of $34.54. The company has a market capitalization of $3.57 billion, a PE ratio of 19.90, a P/E/G ratio of 4.75 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 Inc. has a fifty-two week low of $21.09 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.09. The firm had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed 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 0.47%. Atmus Filtration Technologies's dividend payout ratio is presently 9.30%.

Analysts Set New Price Targets

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

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.