Clearline Capital LP Buys 43,813 Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU)

Clearline Capital LP grew its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) by 17.9% during the second quarter, HoldingsChannel reports. The firm owned 289,085 shares of the company’s stock after buying an additional 43,813 shares during the quarter. Clearline Capital LP’s holdings in Atmus Filtration Technologies were worth $8,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in Atmus Filtration Technologies by 99.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock valued at $31,387,000 after buying an additional 484,420 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Atmus Filtration Technologies by 472.5% during the 1st quarter. Swiss National Bank now owns 188,349 shares of the company’s stock valued at $6,074,000 after acquiring an additional 155,449 shares in the last quarter. Wellington Management Group LLP grew its position in Atmus Filtration Technologies by 7.9% during the 4th quarter. Wellington Management Group LLP now owns 828,045 shares of the company’s stock worth $19,451,000 after acquiring an additional 60,714 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Atmus Filtration Technologies in the 4th quarter worth about $2,764,000. Finally, Quadrature Capital Ltd acquired a new position in Atmus Filtration Technologies in the 1st quarter worth about $969,000. 32.73% of the stock is owned by institutional investors.

Atmus Filtration Technologies Stock Up 0.6 %

Shares of ATMU opened at $37.38 on Friday. The company has a market capitalization of $3.12 billion, a PE ratio of 19.07, a PEG ratio of 4.21 and a beta of 1.75. The stock’s 50-day moving average price is $33.56 and its two-hundred day moving average price is $31.15. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. Atmus Filtration Technologies Inc. has a 12 month low of $18.21 and a 12 month high of $37.96.

Atmus Filtration Technologies (NYSE:ATMU) last posted 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 company had revenue of $432.60 million for the quarter, compared to analyst estimates of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.33 EPS for the current 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. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, August 1st. 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 Atmus Filtration Technologies from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $35.80.

Insider Transactions at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Stephen E. Macadam purchased 8,250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average cost of $31.56 per share, for a total transaction of $260,370.00. Following the acquisition, the director now owns 32,083 shares in the company, valued at approximately $1,012,539.48. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Gretchen R. Haggerty acquired 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, for a total transaction of $200,035.80. Following the purchase, the director now directly owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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, for a total transaction of $260,370.00. Following the transaction, 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. 0.43% of the stock is currently owned by corporate insiders.

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.