Walleye Capital LLC Boosts Stock Holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Walleye Capital LLC lifted its position in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 103.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 262,882 shares of the company’s stock after acquiring an additional 133,502 shares during the quarter. Walleye Capital LLC’s holdings in Atmus Filtration Technologies were worth $9,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP bought a new stake in Atmus Filtration Technologies during the second quarter worth $29,000. GAMMA Investing LLC increased its position in shares of 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 last quarter. Rothschild Investment LLC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth $68,000. KBC Group NV boosted its holdings 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 during the last quarter. Finally, nVerses Capital LLC bought a new position in Atmus Filtration Technologies during the second quarter valued at about $115,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $43.29 on Friday. The firm’s 50 day moving average is $40.25 and its 200 day moving average is $34.33. The stock has a market capitalization of $3.60 billion, a P/E ratio of 20.13, a PEG ratio of 4.69 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 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 posted its earnings results on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. The firm had revenue of $404.00 million for 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%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, sell-side analysts anticipate that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

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

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.