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

Atmus Filtration Technologies Inc. (NYSE:ATMU) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,820,000 shares, a growth of 12.3% from the December 15th total of 1,620,000 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average trading volume of 739,900 shares, the short-interest ratio is currently 2.5 days.

Atmus Filtration Technologies Price Performance

ATMU stock traded up $0.59 during trading on Friday, reaching $42.37. 836,015 shares of the company were exchanged, compared to its average volume of 474,522. 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 stock’s 50 day moving average price is $41.19 and its 200 day moving average price is $37.04. Atmus Filtration Technologies has a 52-week low of $21.09 and a 52-week high of $45.43. The company has a market cap of $3.52 billion, a P/E ratio of 19.71, a PEG ratio of 4.12 and a beta of 1.80.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATMU. Robert W. Baird boosted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Northland Securities boosted their target price 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. Wells Fargo & Company cut their target price on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. lifted their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One 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 presently has an average rating of “Moderate Buy” and an average target price of $43.80.

Institutional Trading of Atmus Filtration Technologies

Institutional investors have recently bought and sold shares of the company. Glenmede Trust Co. NA grew its position in shares of Atmus Filtration Technologies by 0.7% in the third quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock valued at $1,549,000 after purchasing an additional 303 shares during the last quarter. ProShare Advisors LLC grew its holdings in Atmus Filtration Technologies by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock valued at $325,000 after buying an additional 344 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Atmus Filtration Technologies by 4.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock valued at $535,000 after buying an additional 626 shares during the last quarter. KBC Group NV increased its position in Atmus Filtration Technologies by 42.1% during the third quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares in the last quarter. Finally, GAMMA Investing LLC raised 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 acquiring an additional 774 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

About Atmus Filtration Technologies

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.