6,978 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the third quarter, HoldingsChannel.com reports. The firm acquired 6,978 shares of the company’s stock, valued at approximately $262,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in Atmus Filtration Technologies by 854.0% during the second quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company’s stock worth $5,346,000 after buying an additional 166,274 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Atmus Filtration Technologies during the second quarter worth $15,475,000. Algert Global LLC increased its stake in Atmus Filtration Technologies by 516.7% during the third quarter. Algert Global LLC now owns 161,513 shares of the company’s stock worth $6,062,000 after acquiring an additional 135,325 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Atmus Filtration Technologies during the second quarter worth $1,396,000. Finally, Gabelli Funds LLC acquired a new stake in Atmus Filtration Technologies during the second quarter worth $561,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

ATMU has been the subject of several recent analyst reports. 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. Robert W. Baird raised their target price on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company cut Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $42.00 to $45.00 in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Trading Down 2.4 %

Shares of NYSE ATMU opened at $38.99 on Thursday. Atmus Filtration Technologies Inc. has a twelve month low of $21.09 and a twelve month high of $45.43. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The stock has a fifty day simple moving average of $41.23 and a 200-day simple moving average of $35.35. The stock has a market capitalization of $3.24 billion, a PE ratio of 18.13, a PEG ratio of 4.42 and a beta of 1.69.

Atmus Filtration Technologies (NYSE:ATMU) last released 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 firm had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $403.40 million. During the same period in the previous year, the firm posted $0.52 EPS. Atmus Filtration Technologies’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.20 annualized dividend and a yield of 0.51%. Atmus Filtration Technologies’s payout ratio is 9.30%.

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.