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

Chesapeake Capital Corp IL bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 14,719 shares of the company’s stock, valued at approximately $550,000.

Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans raised its holdings in shares of Atmus Filtration Technologies by 854.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company’s stock valued at $5,346,000 after buying an additional 166,274 shares during the period. Swiss National Bank increased its holdings in Atmus Filtration Technologies by 472.5% during the 1st quarter. Swiss National Bank now owns 188,349 shares of the company’s stock worth $6,074,000 after purchasing an additional 155,449 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Atmus Filtration Technologies during the 1st quarter worth approximately $969,000. Vanguard Group Inc. increased its holdings in Atmus Filtration Technologies by 366.5% during the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after purchasing an additional 6,348,391 shares during the last quarter. Finally, Burney Co. purchased a new stake in Atmus Filtration Technologies during the 1st quarter worth approximately $567,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $43.26 on Friday. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 4.76 and a beta of 1.68. The stock has a 50 day moving average of $38.64 and a 200-day moving average of $33.38. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 52 week low of $20.44 and a 52 week high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate 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 company had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same quarter last year, the firm earned $0.52 EPS. The business’s revenue was up 2.0% on a year-over-year basis. As a group, analysts forecast 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 given 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 0.46%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.30%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ATMU shares. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Northland Securities lifted their price objective on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $42.00 to $45.00 in a report on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.80.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty bought 5,849 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $34.20 per share, with a total value of $200,035.80. Following the purchase, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.43% of the company’s stock.

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.