Palliser Capital UK Ltd Buys New Stake in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Palliser Capital UK Ltd purchased a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the 3rd quarter, HoldingsChannel reports. The firm purchased 55,700 shares of the company’s stock, valued at approximately $2,090,000. Atmus Filtration Technologies makes up 1.4% of Palliser Capital UK Ltd’s portfolio, making the stock its 11th largest holding.

A number of other large investors have also modified their holdings of the company. Evermay Wealth Management LLC acquired a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $29,000. Quarry LP acquired a new position in shares of Atmus Filtration Technologies during the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings 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 valued at $62,000 after acquiring an additional 774 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of Atmus Filtration Technologies in the second quarter valued at approximately $68,000. Finally, nVerses Capital LLC purchased a new stake in shares of Atmus Filtration Technologies during the second quarter worth approximately $115,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ATMU shares. Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Robert W. Baird increased their price objective on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Northland Securities boosted their target price on Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies Trading Up 0.2 %

ATMU opened at $39.00 on Friday. The stock has a market capitalization of $3.25 billion, a PE ratio of 18.75, a P/E/G ratio of 4.45 and a beta of 1.75. Atmus Filtration Technologies Inc. has a one year low of $18.61 and a one year high of $40.29. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. The business’s 50 day moving average price is $37.07 and its 200 day moving average price is $32.63.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.58 by $0.13. The business had revenue of $432.60 million for the quarter, compared to analyst estimates of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. As a group, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.34 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.62%.

Insider Buying and Selling at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty bought 5,849 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the transaction, the director now directly owns 19,882 shares in the company, valued at $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Atmus Filtration Technologies news, Director Stephen E. Macadam bought 8,250 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $31.56 per share, for a total transaction of $260,370.00. Following the acquisition, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Gretchen R. Haggerty purchased 5,849 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of $34.20 per share, with a total value of $200,035.80. Following the transaction, the director now directly owns 19,882 shares in the company, valued at $679,964.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.

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.