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

Atmus Filtration Technologies Inc. (NYSE:ATMU) was the recipient of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 1,850,000 shares, an increase of 7.6% from the July 31st total of 1,720,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 1.6 days. Currently, 2.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

ATMU has been the subject of several research reports. Wells Fargo & Company cut their price target on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Atmus Filtration Technologies currently has an average rating of “Buy” and an average price target of $35.80.

Insider Buying and Selling

In other news, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $31.56 per share, with a total value of $260,370.00. Following the completion of the transaction, the director now directly owns 32,083 shares of the company’s stock, valued at $1,012,539.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Atmus Filtration Technologies news, Director Stephen E. Macadam purchased 8,250 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $31.56 per share, with a total value of $260,370.00. Following the transaction, the director now directly owns 32,083 shares of the company’s stock, valued at approximately $1,012,539.48. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gretchen R. Haggerty acquired 5,849 shares of Atmus Filtration Technologies stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the purchase, the director now owns 19,882 shares in the company, valued at $679,964.40. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ATMU. Vanguard Group Inc. boosted its holdings in shares of Atmus Filtration Technologies by 366.5% during the 1st 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. Boston Partners acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter valued at $27,102,000. Bayberry Capital Partners LP bought a new position in Atmus Filtration Technologies during the first quarter worth $25,800,000. Renaissance Technologies LLC acquired a new stake in Atmus Filtration Technologies in the second quarter worth $17,743,000. Finally, Caas Capital Management LP bought a new stake in Atmus Filtration Technologies in the first quarter valued at $19,841,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Up 2.2 %

ATMU opened at $35.85 on Tuesday. The company has a market cap of $2.99 billion, a P/E ratio of 18.29, a PEG ratio of 4.11 and a beta of 1.74. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. The company’s 50 day moving average is $31.03 and its 200-day moving average is $29.55. Atmus Filtration Technologies has a 1-year low of $18.21 and a 1-year high of $35.85.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, August 2nd. The company reported $0.71 EPS for the quarter, beating the consensus estimate 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 return on equity of 187.12% and a net margin of 10.52%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. Equities research analysts predict that Atmus Filtration Technologies will post 2.33 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, August 1st. Atmus Filtration Technologies’s dividend payout ratio is currently 10.20%.

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.