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

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) was the recipient of a significant growth in short interest in the month of 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 sold short. Based on an average daily trading volume, of 739,900 shares, the short-interest ratio is presently 2.5 days.

Atmus Filtration Technologies Stock Up 0.7 %

Shares of ATMU traded up $0.29 during mid-day trading on Friday, reaching $40.93. The company had a trading volume of 487,334 shares, compared to its average volume of 587,416. 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 company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 4.42 and a beta of 1.80. The firm has a 50-day moving average price of $40.81 and a 200 day moving average price of $38.21. Atmus Filtration Technologies has a 52 week low of $21.21 and a 52 week high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.52 by $0.09. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $403.40 million. During the same period in the previous year, the company posted $0.52 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that Atmus Filtration Technologies will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATMU. Northland Securities lifted their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Wells Fargo & Company decreased 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 report on Tuesday, January 7th. Robert W. Baird lifted their price target on Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.80.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Atmus Filtration Technologies in the fourth quarter worth about $26,000. Quarry LP bought a new stake in shares of Atmus Filtration Technologies during the second quarter valued at approximately $29,000. Nisa Investment Advisors LLC raised its holdings in Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company's stock worth $45,000 after acquiring an additional 876 shares during the last quarter. GAMMA Investing LLC raised its holdings in Atmus Filtration Technologies by 89.3% in the 3rd 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. Finally, KBC Group NV lifted its position in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company's stock valued at $91,000 after acquiring an additional 718 shares in the last quarter. Institutional investors 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.