Arizona State Retirement System Invests $672,000 in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Arizona State Retirement System acquired a new stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) during the second quarter, according to its most recent filing with the SEC. The fund acquired 23,335 shares of the company’s stock, valued at approximately $672,000.

A number of other institutional investors have also added to or reduced their stakes in ATMU. Victory Capital Management Inc. grew its holdings in Atmus Filtration Technologies by 83.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,125,679 shares of the company’s stock valued at $32,397,000 after buying an additional 512,390 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Atmus Filtration Technologies by 12.9% in the second quarter. Rhumbline Advisers now owns 115,781 shares of the company’s stock valued at $3,332,000 after acquiring an additional 13,188 shares during the period. Versor Investments LP bought a new position in shares of Atmus Filtration Technologies in the second quarter valued at approximately $589,000. nVerses Capital LLC purchased a new position in Atmus Filtration Technologies during the second quarter valued at approximately $115,000. Finally, Rothschild Investment LLC bought a new stake in Atmus Filtration Technologies during the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 0.7 %

Shares of Atmus Filtration Technologies stock opened at $35.33 on Monday. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. Atmus Filtration Technologies Inc. has a 1 year low of $18.21 and a 1 year high of $35.85. The firm has a market cap of $2.95 billion, a PE ratio of 18.03, a PEG ratio of 3.98 and a beta of 1.75. The company has a 50 day simple moving average of $32.15 and a two-hundred day simple moving average of $30.34.

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

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Thursday, August 1st were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 10.20%.

Wall Street Analysts Forecast Growth

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 equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Atmus Filtration Technologies has a consensus rating of “Buy” and a consensus price target of $35.80.

Insider Activity 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 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 purchase, the director now directly owns 19,882 shares in the company, valued at $679,964.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $31.56 per share, with a total value of $260,370.00. Following the completion of the purchase, the director now owns 32,083 shares of the company’s stock, valued at $1,012,539.48. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gretchen R. Haggerty acquired 5,849 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the acquisition, the director now 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.

About Atmus Filtration Technologies

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.