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

Atmus Filtration Technologies Inc. (NYSE:ATMU) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,400,000 shares, a drop of 29.6% from the January 31st total of 1,990,000 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 692,000 shares, the short-interest ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ATMU shares. 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 report on Monday, February 24th. Robert W. Baird cut their price objective on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Finally, Northland Securities raised their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. 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, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently added to or reduced their stakes in ATMU. DekaBank Deutsche Girozentrale grew its position in Atmus Filtration Technologies by 4.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock worth $535,000 after buying an additional 626 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Atmus Filtration Technologies by 11.8% during the third quarter. Harbor Capital Advisors Inc. now owns 31,319 shares of the company’s stock worth $1,175,000 after buying an additional 3,311 shares in the last quarter. Jag Capital Management LLC acquired a new stake in Atmus Filtration Technologies during the third quarter worth about $266,000. Aigen Investment Management LP acquired a new stake in Atmus Filtration Technologies during the third quarter worth about $763,000. Finally, Oppenheimer Asset Management Inc. grew its position in Atmus Filtration Technologies by 59.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 12,195 shares of the company’s stock worth $458,000 after buying an additional 4,534 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

Atmus Filtration Technologies Stock Down 0.6 %

NYSE ATMU traded down $0.21 during trading on Wednesday, hitting $36.53. 407,839 shares of the company traded hands, compared to its average volume of 715,244. Atmus Filtration Technologies has a 12 month low of $22.81 and a 12 month high of $45.43. The business has a fifty day simple moving average of $40.23 and a 200 day simple moving average of $39.31. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $3.03 billion, a P/E ratio of 16.52, a PEG ratio of 3.99 and a beta of 1.83.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $406.70 million for 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%. As a group, sell-side analysts predict that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, March 4th. Atmus Filtration Technologies’s dividend payout ratio (DPR) is presently 9.05%.

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.