Chesapeake Capital Corp IL Purchases Shares of 12,726 Atmus Filtration Technologies Inc. $ATMU

Chesapeake Capital Corp IL purchased a new stake in Atmus Filtration Technologies Inc. (NYSE:ATMU) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,726 shares of the company’s stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ATMU. Jump Financial LLC boosted its stake in Atmus Filtration Technologies by 34.2% in the third quarter. Jump Financial LLC now owns 45,188 shares of the company’s stock valued at $2,038,000 after acquiring an additional 11,507 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Atmus Filtration Technologies by 90.6% during the third quarter. Kennedy Capital Management LLC now owns 351,610 shares of the company’s stock worth $15,854,000 after purchasing an additional 167,095 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Atmus Filtration Technologies by 1.6% during the 3rd quarter. Invesco Ltd. now owns 2,223,823 shares of the company’s stock valued at $100,272,000 after purchasing an additional 34,146 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Atmus Filtration Technologies by 7.5% during the 3rd quarter. Sei Investments Co. now owns 73,788 shares of the company’s stock valued at $3,327,000 after purchasing an additional 5,175 shares during the last quarter. Finally, UBS Group AG boosted its position in shares of Atmus Filtration Technologies by 9.9% in the 3rd quarter. UBS Group AG now owns 109,232 shares of the company’s stock worth $4,925,000 after purchasing an additional 9,839 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Atmus Filtration Technologies from $54.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 17th. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Citigroup reissued an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $59.75.

Atmus Filtration Technologies Trading Down 0.9%

NYSE:ATMU opened at $56.49 on Friday. The company has a market capitalization of $4.60 billion, a P/E ratio of 22.60, a PEG ratio of 2.56 and a beta of 1.48. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. Atmus Filtration Technologies Inc. has a 12 month low of $30.94 and a 12 month high of $66.50. The firm has a fifty day simple moving average of $59.65 and a 200-day simple moving average of $51.87.

Atmus Filtration Technologies (NYSE:ATMU) last released its earnings results on Friday, February 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. The firm had revenue of $446.60 million for the quarter, compared to the consensus estimate of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The firm’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities research analysts anticipate that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, February 20th. Atmus Filtration Technologies’s payout ratio is presently 8.80%.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.