FORA Capital LLC Acquires Shares of 33,099 Atmus Filtration Technologies Inc. (NYSE:ATMU)

FORA Capital LLC acquired a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the third quarter, Holdings Channel reports. The fund acquired 33,099 shares of the company’s stock, valued at approximately $1,242,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Atmus Filtration Technologies by 366.5% in the 1st quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock valued at $260,601,000 after purchasing an additional 6,348,391 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Atmus Filtration Technologies by 38.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock valued at $67,355,000 after purchasing an additional 583,078 shares in the last quarter. American Century Companies Inc. lifted its holdings in Atmus Filtration Technologies by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock valued at $57,040,000 after purchasing an additional 54,051 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Atmus Filtration Technologies by 27.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after purchasing an additional 272,890 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Atmus Filtration Technologies by 26.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,153,484 shares of the company’s stock valued at $43,290,000 after purchasing an additional 242,718 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Ratings Changes

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

Atmus Filtration Technologies Stock Down 1.5 %

Shares of ATMU opened at $43.06 on Thursday. The firm has a market cap of $3.58 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 4.80 and a beta of 1.68. Atmus Filtration Technologies Inc. has a 12-month low of $21.09 and a 12-month high of $45.43. The company’s 50-day moving average price is $40.00 and its 200 day moving average price is $34.16. 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 (NYSE:ATMU) last released its earnings results 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. The company had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. Atmus Filtration Technologies’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, sell-side analysts forecast that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is currently 9.30%.

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.