19,800 Atmus Filtration Technologies Inc. $ATMU Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 366.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,200 shares of the company’s stock after purchasing an additional 19,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Atmus Filtration Technologies were worth $1,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of ATMU. Allworth Financial LP purchased a new position in shares of Atmus Filtration Technologies during the 2nd quarter worth $25,000. Global Retirement Partners LLC purchased a new stake in Atmus Filtration Technologies in the 2nd quarter valued at about $68,000. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Atmus Filtration Technologies by 1,581.2% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,614 shares of the company’s stock valued at $70,000 after acquiring an additional 1,518 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Atmus Filtration Technologies by 252.2% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,409 shares of the company’s stock valued at $72,000 after acquiring an additional 1,009 shares during the last quarter. Finally, Nykredit A S purchased a new stake in Atmus Filtration Technologies in the second quarter valued at approximately $73,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Renee Swan sold 3,870 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the transaction, the insider directly owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Stephen E. Macadam bought 2,000 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of $49.78 per share, for a total transaction of $99,560.00. Following the completion of the transaction, the director owned 40,588 shares of the company’s stock, valued at approximately $2,020,470.64. This represents a 5.18% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.43% of the company’s stock.

Atmus Filtration Technologies Price Performance

ATMU stock opened at $46.14 on Friday. The firm has a market cap of $3.77 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 2.01 and a beta of 1.17. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.83 and a current ratio of 2.65. Atmus Filtration Technologies Inc. has a 1 year low of $40.75 and a 1 year high of $66.50. The stock has a 50-day simple moving average of $45.30 and a 200-day simple moving average of $52.91.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $527.90 million for the quarter, compared to analyst estimates of $507.02 million. Atmus Filtration Technologies had a return on equity of 59.85% and a net margin of 11.32%. Atmus Filtration Technologies’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. On average, equities analysts predict that Atmus Filtration Technologies Inc. will post 2.97 earnings per share for the current fiscal year.

Atmus Filtration Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Thursday, August 27th were paid a dividend of $0.06 per share. This is an increase from Atmus Filtration Technologies’s previous quarterly dividend of $0.0550. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 27th. Atmus Filtration Technologies’s payout ratio is 9.20%.

Wall Street Analyst Weigh In

ATMU has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on Atmus Filtration Technologies from $67.00 to $54.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Wells Fargo & Company initiated coverage on shares of Atmus Filtration Technologies in a research report on Monday, August 3rd. They issued an “equal weight” rating and a $56.00 price objective for the company. Finally, Weiss Ratings raised shares of Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $57.67.

About Atmus Filtration Technologies

Atmus Filtration Technologies Inc (NYSE: ATMU) is a filtration products and solutions company serving the commercial vehicle, industrial, agriculture, construction, mining and power-generation markets. The company develops and manufactures filtration technologies designed to protect engines, equipment and other critical systems while supporting performance and maintenance requirements.

Atmus’s product portfolio includes air, fuel, lube and hydraulic filtration products, as well as solutions for emissions control, crankcase ventilation and coolant management.