Short Interest in Atmus Filtration Technologies Inc. (NYSE:ATMU) Decreases By 29.6%

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) was the recipient of a significant drop in short interest in the month of 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. Based on an average daily volume of 692,000 shares, the short-interest ratio is presently 2.0 days. Approximately 1.7% of the shares of the stock are short sold.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of hedge funds have recently added to or reduced their stakes in ATMU. Glenmede Trust Co. NA boosted its stake in shares of Atmus Filtration Technologies by 0.7% in the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company's stock valued at $1,549,000 after purchasing an additional 303 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Atmus Filtration Technologies by 3.3% in the 4th quarter. LPL Financial LLC now owns 10,102 shares of the company's stock valued at $396,000 after purchasing an additional 326 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Atmus Filtration Technologies by 3.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company's stock valued at $343,000 after purchasing an additional 330 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Atmus Filtration Technologies by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 28,712 shares of the company's stock valued at $1,125,000 after purchasing an additional 476 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its stake in shares of Atmus Filtration Technologies by 1.9% in the 4th quarter. Graham Capital Management L.P. now owns 27,511 shares of the company's stock valued at $1,078,000 after purchasing an additional 511 shares during the last quarter. Institutional investors own 32.73% of the company's stock.

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Atmus Filtration Technologies Price Performance

NYSE:ATMU traded up $0.20 during mid-day trading on Thursday, reaching $37.24. 817,875 shares of the company were exchanged, compared to its average volume of 729,876. Atmus Filtration Technologies has a 12 month low of $23.00 and a 12 month high of $45.43. The company has a fifty day moving average of $40.15 and a 200 day moving average of $39.28. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The stock has a market cap of $3.09 billion, a PE ratio of 16.85, a PEG ratio of 3.99 and a beta of 1.83.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The firm had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. On average, research analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Atmus Filtration Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, March 4th. Atmus Filtration Technologies's dividend payout ratio is currently 9.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Robert W. Baird cut their price target on shares of 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. 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. Finally, Wells Fargo & Company cut their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Atmus Filtration Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

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.