Atmus Filtration Technologies Inc. (NYSE:ATMU) Short Interest Update

Atmus Filtration Technologies Inc. (NYSE:ATMU) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,970,000 shares, a growth of 27.9% from the February 28th total of 1,540,000 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily volume of 769,300 shares, the short-interest ratio is presently 2.6 days.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $37.92 on Thursday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies has a one year low of $27.62 and a one year high of $45.43. The company has a 50 day moving average price of $39.12 and a 200 day moving average price of $39.77.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. Sell-side analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio is currently 9.05%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Robert W. Baird cut their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Wells Fargo & Company cut their price target on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.80.

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors have recently modified their holdings of ATMU. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies during the fourth quarter valued at approximately $26,000. New Age Alpha Advisors LLC purchased a new position in shares of Atmus Filtration Technologies in the 4th quarter valued at $32,000. Nisa Investment Advisors LLC lifted its holdings in shares of Atmus Filtration Technologies by 333.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after acquiring an additional 876 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after purchasing an additional 1,022 shares during the period. Finally, Quarry LP increased its holdings in Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after purchasing an additional 827 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.