Algert Global LLC Increases Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Algert Global LLC boosted its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 516.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,513 shares of the company’s stock after buying an additional 135,325 shares during the quarter. Algert Global LLC’s holdings in Atmus Filtration Technologies were worth $6,062,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. ProShare Advisors LLC boosted its stake in Atmus Filtration Technologies by 3.1% during the second quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock worth $325,000 after buying an additional 344 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Atmus Filtration Technologies by 2.8% in the second quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock valued at $374,000 after purchasing an additional 355 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Atmus Filtration Technologies by 4.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock valued at $535,000 after purchasing an additional 626 shares during the period. KBC Group NV boosted its stake in shares of Atmus Filtration Technologies by 42.1% in 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 during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after purchasing an additional 774 shares during the period. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Up 1.7 %

Shares of NYSE:ATMU opened at $44.50 on Friday. The firm’s 50 day moving average price is $39.52 and its 200 day moving average price is $33.85. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 4.76 and a beta of 1.68. Atmus Filtration Technologies Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $44.66. 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 (NYSE:ATMU) last issued its earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. The firm had revenue of $404.00 million for 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 firm’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. As a group, equities research analysts predict that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were issued 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 yield of 0.45%. Atmus Filtration Technologies’s payout ratio is currently 9.30%.

Analysts Set New Price Targets

ATMU has been the subject of several recent research reports. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $42.00 to $45.00 in a research note on Monday, November 11th. Northland Securities raised their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Robert W. Baird raised 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 note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and an average 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.