Davidson Kempner Capital Management LP Makes New Investment in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Davidson Kempner Capital Management LP bought a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 537,703 shares of the company’s stock, valued at approximately $15,475,000. Davidson Kempner Capital Management LP owned about 0.65% of Atmus Filtration Technologies as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Investment Research & Advisory Group Inc. acquired a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at approximately $26,000. GAMMA Investing LLC boosted its position in shares of Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares in the last quarter. Evermay Wealth Management LLC bought a new position in shares of Atmus Filtration Technologies during the first quarter worth $29,000. Rothschild Investment LLC acquired a new position in shares of Atmus Filtration Technologies in the 2nd quarter valued at $68,000. Finally, CVA Family Office LLC bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter valued at $85,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

Insider Transactions at Atmus Filtration Technologies

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

Analyst Ratings Changes

Separately, Robert W. Baird boosted their target price on Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Atmus Filtration Technologies presently has an average rating of “Buy” and an average price target of $35.80.

Atmus Filtration Technologies Trading Up 1.2 %

Shares of NYSE:ATMU opened at $37.15 on Monday. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 3.98 and a beta of 1.75. The company has a quick ratio of 1.30, a current ratio of 2.07 and a debt-to-equity ratio of 3.28. Atmus Filtration Technologies Inc. has a 12 month low of $18.21 and a 12 month high of $37.84. The company’s fifty day simple moving average is $32.90 and its 200 day simple moving average is $30.79.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The company had revenue of $432.60 million for the quarter, compared to analyst estimates of $418.33 million. During the same period in the previous year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, research analysts forecast that Atmus Filtration Technologies Inc. will post 2.33 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were issued a $0.05 dividend. The ex-dividend date was Thursday, August 1st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 10.20%.

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.