DekaBank Deutsche Girozentrale Raises Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

DekaBank Deutsche Girozentrale boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 4.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,256 shares of the company’s stock after purchasing an additional 626 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Atmus Filtration Technologies were worth $535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of Atmus Filtration Technologies by 854.0% in the 2nd 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 during the last quarter. Swiss National Bank grew its stake in shares of Atmus Filtration Technologies by 472.5% in the first quarter. Swiss National Bank now owns 188,349 shares of the company’s stock worth $6,074,000 after acquiring an additional 155,449 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Atmus Filtration Technologies during the first quarter valued at $969,000. Vanguard Group Inc. raised its position in shares of Atmus Filtration Technologies by 366.5% in 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. bought a new position in Atmus Filtration Technologies in the 1st quarter worth about $567,000. Institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ATMU. Wells Fargo & Company lifted their target price on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Northland Securities boosted their price objective on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. increased their target price 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, Robert W. Baird boosted their price target on Atmus Filtration Technologies from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $42.80.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $39.00 on Friday. The firm has a market cap of $3.25 billion, a PE ratio of 18.75, a P/E/G ratio of 4.45 and a beta of 1.75. Atmus Filtration Technologies Inc. has a 1-year low of $18.61 and a 1-year high of $40.29. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. The firm has a fifty day simple moving average of $37.07 and a two-hundred day simple moving average of $32.63.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The company had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. Atmus Filtration Technologies’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts anticipate that Atmus Filtration Technologies Inc. will post 2.34 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.51%. Atmus Filtration Technologies’s dividend payout ratio is currently 9.62%.

Insider Transactions at Atmus Filtration Technologies

In related news, Director Stephen E. Macadam bought 8,250 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 32,083 shares in the company, valued at $1,012,539.48. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Gretchen R. Haggerty acquired 5,849 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the transaction, the director now directly owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen E. Macadam bought 8,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $31.56 per share, with a total value of $260,370.00. Following the acquisition, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.43% of the company’s stock.

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.