Susquehanna Fundamental Investments LLC Grows Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Susquehanna Fundamental Investments LLC raised its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 299.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 154,759 shares of the company’s stock after purchasing an additional 115,988 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Atmus Filtration Technologies were worth $4,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ATMU. ProShare Advisors LLC raised its stake in Atmus Filtration Technologies by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock valued at $325,000 after acquiring an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Atmus Filtration Technologies by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock worth $374,000 after purchasing an additional 355 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares during the period. Investment Research & Advisory Group Inc. purchased a new position in Atmus Filtration Technologies in the 1st quarter valued at $26,000. Finally, Evermay Wealth Management LLC acquired a new position in Atmus Filtration Technologies in the 1st quarter valued at $29,000. 32.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Atmus Filtration Technologies presently has a consensus rating of “Buy” and a consensus target price of $35.80.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty purchased 5,849 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the acquisition, the director now owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty purchased 5,849 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average cost of $34.20 per share, with a total value of $200,035.80. Following the purchase, the director now owns 19,882 shares in the company, valued at $679,964.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen E. Macadam acquired 8,250 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $31.56 per share, with a total value of $260,370.00. Following the purchase, the director now owns 32,083 shares in the company, valued at $1,012,539.48. The disclosure for this purchase can be found here. Insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Stock Up 0.6 %

Shares of NYSE ATMU opened at $37.38 on Monday. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28. The firm has a 50-day moving average price of $33.56 and a 200 day moving average price of $31.19. Atmus Filtration Technologies Inc. has a 52 week low of $18.21 and a 52 week high of $37.96. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 4.21 and a beta of 1.75.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. The business had revenue of $432.60 million for the quarter, compared to analysts’ expectations of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.63 EPS. Equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.33 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Thursday, August 1st. Atmus Filtration Technologies’s payout ratio is 10.20%.

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.