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

Atmus Filtration Technologies Inc. (NYSE:ATMU) saw a large growth in short interest in 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. Based on an average daily volume of 769,300 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Eminence Capital LP raised its holdings in shares of Atmus Filtration Technologies by 79.0% in the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company’s stock worth $179,939,000 after acquiring an additional 2,027,617 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Atmus Filtration Technologies during the 4th quarter worth about $63,949,000. Invesco Ltd. raised its stake in Atmus Filtration Technologies by 806.1% in the 4th quarter. Invesco Ltd. now owns 1,167,382 shares of the company’s stock valued at $45,738,000 after purchasing an additional 1,038,541 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Atmus Filtration Technologies in the 4th quarter valued at about $26,152,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Atmus Filtration Technologies by 44.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company’s stock worth $74,879,000 after purchasing an additional 584,270 shares during the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Analyst Ratings Changes

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

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $36.76 on Tuesday. The stock has a fifty day moving average price of $39.33 and a 200 day moving average price of $39.77. 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 has a market cap of $3.06 billion, a PE ratio of 16.63, a P/E/G ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies has a 1 year low of $27.62 and a 1 year high of $45.43.

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

Atmus Filtration Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.54%. Atmus Filtration Technologies’s dividend payout ratio (DPR) is 9.05%.

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.