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

Atmus Filtration Technologies Inc. (NYSE:ATMU) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,230,000 shares, a decline of 7.1% from the November 15th total of 2,400,000 shares. Based on an average daily trading volume, of 840,700 shares, the short-interest ratio is currently 2.7 days. Approximately 2.7% of the shares of the company are short sold.

Atmus Filtration Technologies Trading Down 0.0 %

Shares of ATMU traded down $0.01 during trading hours on Monday, hitting $40.71. 516,932 shares of the stock were exchanged, compared to its average volume of 1,744,996. Atmus Filtration Technologies has a fifty-two week low of $21.09 and a fifty-two week high of $45.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The business has a 50-day moving average of $41.16 and a 200-day moving average of $35.19. The firm has a market capitalization of $3.38 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 4.42 and a beta of 1.69.

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

Atmus Filtration Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Thursday, October 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Thursday, October 31st. Atmus Filtration Technologies’s payout ratio is 9.30%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Atmus Filtration Technologies in the 2nd quarter worth about $29,000. GAMMA Investing LLC grew its holdings in shares of Atmus Filtration Technologies by 89.3% in the third 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 period. Rothschild Investment LLC bought a new position in shares of Atmus Filtration Technologies in the second quarter worth approximately $68,000. KBC Group NV increased its stake in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Atmus Filtration Technologies in the second quarter worth $115,000. 32.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ATMU shares. Wells Fargo & Company cut shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $42.00 to $45.00 in a research note on Monday, November 11th. Northland Securities boosted their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Finally, Robert W. Baird lifted their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $44.80.

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.