Captrust Financial Advisors Buys New Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Captrust Financial Advisors purchased a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,938 shares of the company’s stock, valued at approximately $335,000.

A number of other institutional investors have also recently made changes to their positions in ATMU. Renaissance Technologies LLC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth $17,743,000. Eagle Asset Management Inc. purchased a new position in shares of Atmus Filtration Technologies during the 3rd quarter valued at about $21,635,000. Davidson Kempner Capital Management LP bought a new stake in Atmus Filtration Technologies in the 2nd quarter worth approximately $15,475,000. Victory Capital Management Inc. grew its position in Atmus Filtration Technologies by 83.5% during the second quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock valued at $32,397,000 after acquiring an additional 512,390 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Atmus Filtration Technologies in the 2nd quarter worth $14,281,000. Institutional investors own 32.73% of the company’s stock.

Wall Street Analyst Weigh In

ATMU has been the subject of several recent research reports. Wells Fargo & Company downgraded Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $42.00 to $45.00 in a research report on Monday, November 11th. Robert W. Baird upped 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. Northland Securities raised their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their price target 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average target price of $44.80.

Atmus Filtration Technologies Stock Down 0.7 %

ATMU stock opened at $40.73 on Friday. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 4.42 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. The business’s 50 day moving average price is $41.10 and its two-hundred day moving average price is $35.04. 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) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal 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 issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.30%.

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.