Glenmede Trust Co. NA Grows Position in Atmus Filtration Technologies Inc. (NYSE:ATMU)

Glenmede Trust Co. NA grew its position in shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,275 shares of the company’s stock after purchasing an additional 303 shares during the quarter. Glenmede Trust Co. NA’s holdings in Atmus Filtration Technologies were worth $1,549,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ATMU. Quarry LP bought a new stake in Atmus Filtration Technologies in the second quarter worth $29,000. GAMMA Investing LLC increased its holdings in shares of Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock worth $62,000 after buying an additional 774 shares during the period. Rothschild Investment LLC bought a new stake in shares of Atmus Filtration Technologies in the 2nd quarter valued at about $68,000. KBC Group NV boosted its holdings in Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after acquiring an additional 718 shares during the period. Finally, nVerses Capital LLC bought a new position in Atmus Filtration Technologies during the 2nd quarter worth approximately $115,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $43.29 on Monday. The stock has a fifty day moving average of $40.25 and a 200 day moving average of $34.36. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 4.71 and a beta of 1.68. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. Atmus Filtration Technologies Inc. has a 52 week low of $21.09 and a 52 week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, research analysts expect that Atmus Filtration Technologies Inc. will post 2.45 earnings per share for the current year.

Atmus Filtration Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend was Thursday, October 31st. Atmus Filtration Technologies’s dividend payout ratio is 9.30%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company lowered Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $42.00 to $45.00 in a research report on Monday, November 11th. Northland Securities raised their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird raised their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.80.

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.