Oppenheimer Asset Management Inc. Boosts Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Oppenheimer Asset Management Inc. boosted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 59.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,195 shares of the company’s stock after buying an additional 4,534 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Atmus Filtration Technologies were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ATMU. Thrivent Financial for Lutherans grew its holdings in shares of Atmus Filtration Technologies by 854.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 185,745 shares of the company’s stock valued at $5,346,000 after purchasing an additional 166,274 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at about $969,000. Vanguard Group Inc. boosted its holdings in Atmus Filtration Technologies by 366.5% during the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock valued at $260,601,000 after acquiring an additional 6,348,391 shares during the period. Burney Co. bought a new position in Atmus Filtration Technologies during the 1st quarter worth approximately $567,000. Finally, Davidson Kempner Capital Management LP purchased a new position in Atmus Filtration Technologies in the 2nd quarter worth approximately $15,475,000. 32.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of 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 upped their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company 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. Finally, Wells Fargo & Company lowered Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $42.00 to $45.00 in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Atmus Filtration Technologies has an average rating of “Moderate Buy” and an average target price of $44.80.

Atmus Filtration Technologies Trading Up 0.1 %

NYSE:ATMU opened at $43.03 on Wednesday. The company has a 50-day moving average price of $38.83 and a 200-day moving average price of $33.51. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 4.71 and a beta of 1.68. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 12 month low of $20.75 and a 12 month high of $44.66.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. Atmus Filtration Technologies’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Equities analysts predict that Atmus Filtration Technologies Inc. will post 2.45 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Thursday, October 31st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.30%.

Insider Buying and Selling at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty acquired 5,849 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of $34.20 per share, with a total value of $200,035.80. Following the transaction, the director now owns 19,882 shares of the company’s stock, valued at $679,964.40. The trade was a 41.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.43% of the stock is owned by company insiders.

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.