D. E. Shaw & Co. Inc. Increases Stock Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

D. E. Shaw & Co. Inc. boosted its holdings in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 34.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 884,458 shares of the company’s stock after buying an additional 227,576 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.06% of Atmus Filtration Technologies worth $25,455,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Investment Research & Advisory Group Inc. bought a new position in shares of Atmus Filtration Technologies in the first quarter valued at approximately $26,000. GAMMA Investing LLC boosted its holdings in Atmus Filtration Technologies by 103.8% in the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after purchasing an additional 442 shares during the period. Evermay Wealth Management LLC purchased a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at $29,000. Rothschild Investment LLC bought a new position in shares of Atmus Filtration Technologies in the second quarter worth $68,000. Finally, CVA Family Office LLC purchased a new stake in shares of Atmus Filtration Technologies in the first quarter worth $85,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $37.38 on Friday. Atmus Filtration Technologies Inc. has a fifty-two week low of $18.21 and a fifty-two week high of $37.96. 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 stock has a market cap of $3.12 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 4.21 and a beta of 1.75. The firm’s fifty day moving average price is $33.56 and its 200-day moving average price is $31.15.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $432.60 million during the quarter, compared to analyst estimates of $418.33 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Thursday, August 1st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Thursday, August 1st. Atmus Filtration Technologies’s payout ratio is currently 10.20%.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

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.