Algert Global LLC Invests $754,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Algert Global LLC bought a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,188 shares of the company’s stock, valued at approximately $754,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. acquired a new stake in Atmus Filtration Technologies during the first quarter valued at approximately $26,000. GAMMA Investing LLC raised its stake in 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 acquiring 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 valued at $29,000. Rothschild Investment LLC acquired a new stake 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 worth about $85,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $38.12 on Friday. Atmus Filtration Technologies Inc. has a 52 week low of $18.21 and a 52 week high of $38.60. The firm has a market cap of $3.18 billion, a P/E ratio of 19.45, a P/E/G ratio of 4.21 and a beta of 1.75. 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 fifty day moving average is $34.25 and its two-hundred day moving average is $31.58.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 10.20%.

Insiders Place Their Bets

In other 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 cost 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 approximately $679,964.40. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Atmus Filtration Technologies 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 cost of $34.20 per share, for a total transaction of $200,035.80. Following the transaction, the director now owns 19,882 shares in the company, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen E. Macadam purchased 8,250 shares of the stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $31.56 per share, with a total value of $260,370.00. Following the transaction, the director now owns 32,083 shares in the company, valued at $1,012,539.48. 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.

Analyst Upgrades and Downgrades

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

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.