6,544 Shares in Atmus Filtration Technologies Inc. (NYSE:ATMU) Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 6,544 shares of the company’s stock, valued at approximately $246,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Atmus Filtration Technologies during the second quarter valued at $29,000. GAMMA Investing LLC lifted its position in Atmus Filtration Technologies by 89.3% during the 3rd 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. Rothschild Investment LLC bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $68,000. KBC Group NV raised its stake in shares of Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Atmus Filtration Technologies during the second quarter worth approximately $115,000. 32.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ATMU has been the subject of a number of analyst reports. Wells Fargo & Company lowered shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $42.00 to $45.00 in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, October 11th. Northland Securities increased their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird upped their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of “Moderate Buy” and an average target price of $44.80.

Atmus Filtration Technologies Stock Performance

ATMU stock opened at $44.11 on Tuesday. Atmus Filtration Technologies Inc. has a 1-year low of $21.09 and a 1-year 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 firm has a market cap of $3.67 billion, a PE ratio of 20.70, a P/E/G ratio of 4.84 and a beta of 1.68. The business’s 50-day moving average price is $39.52 and its two-hundred day moving average price is $33.90.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data 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. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $403.40 million. During the same quarter in the previous year, the business posted $0.52 EPS. Atmus Filtration Technologies’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research 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 disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is 9.30%.

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.