Atmus Filtration Technologies Inc. (NYSE:ATMU) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lowered its stake in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 15.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,267 shares of the company’s stock after selling 1,489 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Atmus Filtration Technologies were worth $238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Atmus Filtration Technologies by 366.5% during the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after buying an additional 6,348,391 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Atmus Filtration Technologies by 38.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after buying an additional 583,078 shares in the last quarter. American Century Companies Inc. grew its position in shares of Atmus Filtration Technologies by 2.8% during the second quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock worth $57,040,000 after buying an additional 54,051 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Atmus Filtration Technologies by 0.7% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock worth $45,717,000 after buying an additional 13,120 shares in the last quarter. Finally, Weiss Asset Management LP boosted its holdings in Atmus Filtration Technologies by 5.6% in the fourth quarter. Weiss Asset Management LP now owns 1,931,182 shares of the company’s stock worth $45,363,000 after purchasing an additional 102,479 shares during the period. Institutional investors and hedge funds own 32.73% of the company’s stock.

Insider Buying and Selling at Atmus Filtration Technologies

In related 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 completion of the purchase, the director now owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 completion of the purchase, the director now owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen E. Macadam acquired 8,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $31.56 per share, for a total transaction 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 disclosure for this purchase can be found here. 0.43% of the stock is currently owned by company insiders.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $37.29 on Wednesday. The company has a market cap of $3.11 billion, a PE ratio of 19.03, a P/E/G ratio of 3.98 and a beta of 1.75. The company has a fifty day moving average price of $33.17 and a two-hundred day moving average price of $30.97. 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 12 month low of $18.21 and a 12 month high of $37.84.

Atmus Filtration Technologies (NYSE:ATMU) last released 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. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. Research analysts expect that Atmus Filtration Technologies Inc. will post 2.33 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

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

Analyst Ratings Changes

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