Atmus Filtration Technologies Inc. (NYSE:ATMU) Short Interest Up 12.3% in January

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on ATMU shares. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Wells Fargo & Company lowered their price target on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Northland Securities boosted their price target on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Robert W. Baird lifted their target price on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.80.

Institutional Investors Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Parsifal Capital Management LP grew its holdings in Atmus Filtration Technologies by 2.2% in the 3rd quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock worth $102,130,000 after acquiring an additional 58,478 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Atmus Filtration Technologies by 1.7% during the third quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company’s stock valued at $94,476,000 after buying an additional 43,004 shares during the last quarter. Geode Capital Management LLC raised its position in Atmus Filtration Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock worth $71,123,000 after buying an additional 39,710 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Atmus Filtration Technologies by 27.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock worth $47,537,000 after purchasing an additional 272,890 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Atmus Filtration Technologies by 26.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,153,484 shares of the company’s stock worth $43,290,000 after buying an additional 242,718 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Trading Down 2.5 %

Shares of ATMU stock traded down $1.06 on Monday, hitting $40.76. The company had a trading volume of 591,083 shares, compared to its average volume of 616,185. Atmus Filtration Technologies has a twelve month low of $21.09 and a twelve month high of $45.43. The stock’s 50-day moving average is $41.03 and its two-hundred day moving average is $38.03. The firm has a market cap of $3.39 billion, a P/E ratio of 18.96, a P/E/G ratio of 4.42 and a beta of 1.80. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The firm had revenue of $404.00 million during 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 company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. On average, equities research analysts anticipate that Atmus Filtration Technologies will post 2.45 earnings per share for the current fiscal year.

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.