Chesapeake Capital Corp IL Invests $550,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Chesapeake Capital Corp IL acquired a new position in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the third quarter, Holdings Channel reports. The firm acquired 14,719 shares of the company’s stock, valued at approximately $550,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC raised its stake in shares of Atmus Filtration Technologies by 3.1% in the 2nd quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock worth $325,000 after buying an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Atmus Filtration Technologies by 2.8% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock worth $374,000 after buying an additional 355 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Atmus Filtration Technologies by 4.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock worth $535,000 after buying an additional 626 shares in the last quarter. KBC Group NV raised its stake in shares of Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Atmus Filtration Technologies by 89.3% during the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after purchasing an additional 774 shares during the period. Institutional investors own 32.73% of the company’s stock.

Insider Transactions at Atmus Filtration Technologies

In related news, Director Gretchen R. Haggerty purchased 5,849 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the purchase, the director now owns 19,882 shares in the company, 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 currently owned by corporate insiders.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $43.26 on Friday. The business’s 50-day moving average price is $38.64 and its two-hundred day moving average price is $33.38. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.30. Atmus Filtration Technologies Inc. has a one year low of $20.44 and a one year high of $44.66. The company has a market capitalization of $3.59 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 4.76 and a beta of 1.68.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. Analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.