Prospera Financial Services Inc Purchases Shares of 6,544 Atmus Filtration Technologies Inc. (NYSE:ATMU)

Prospera Financial Services Inc purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,544 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors have also made changes to their positions in the business. Chesapeake Capital Corp IL bought a new position in Atmus Filtration Technologies during the third quarter worth $550,000. KBC Group NV increased its holdings in shares of Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after purchasing an additional 718 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Atmus Filtration Technologies by 59.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,195 shares of the company’s stock valued at $458,000 after buying an additional 4,534 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Atmus Filtration Technologies in the third quarter valued at about $763,000. Finally, Jag Capital Management LLC acquired a new stake in Atmus Filtration Technologies during the third quarter worth about $266,000. 32.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ATMU shares. Northland Securities upped their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company cut Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $42.00 to $45.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, Robert W. Baird raised their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.80.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $44.11 on Tuesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The business’s fifty day moving average price is $39.52 and its two-hundred day moving average price is $33.90. Atmus Filtration Technologies Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $45.43. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 4.84 and a beta of 1.68.

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

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s payout ratio is currently 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.