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

Atmus Filtration Technologies Inc. (NYSE:ATMU) was the target of a significant growth in short interest during 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 stock are sold short. Based on an average trading volume of 739,900 shares, the days-to-cover ratio is presently 2.5 days.

Atmus Filtration Technologies Trading Up 1.4 %

Shares of Atmus Filtration Technologies stock traded up $0.59 during midday trading on Monday, reaching $42.37. The company had a trading volume of 836,015 shares, compared to its average volume of 474,522. The firm has a market cap of $3.52 billion, a PE ratio of 19.71, a P/E/G ratio of 4.12 and a beta of 1.80. The stock has a fifty day moving average price of $41.19 and a 200 day moving average price of $37.10. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. Atmus Filtration Technologies has a fifty-two week low of $21.09 and a fifty-two week high of $45.43.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATMU. JPMorgan Chase & Co. raised their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Robert W. Baird upped their target price on Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Northland Securities increased their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their price objective 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $43.80.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position 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 worth $45,000 after purchasing an additional 876 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $14,877,000. JPMorgan Chase & Co. lifted its holdings in shares of Atmus Filtration Technologies by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock worth $10,737,000 after purchasing an additional 21,687 shares in the last quarter. Tidal Investments LLC acquired a new stake in Atmus Filtration Technologies in the 3rd quarter valued at $552,000. Finally, Hohimer Wealth Management LLC bought a new stake in Atmus Filtration Technologies during the 3rd quarter valued at $308,000. Institutional investors and hedge funds own 32.73% of the company’s stock.

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.