Short Interest in Atmus Filtration Technologies Inc. (NYSE:ATMU) Expands By 5.4%

Atmus Filtration Technologies Inc. (NYSE:ATMU) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 5,100,000 shares, a growth of 5.4% from the March 31st total of 4,840,000 shares. Approximately 6.2% of the company’s stock are short sold. Based on an average trading volume of 3,760,000 shares, the days-to-cover ratio is currently 1.4 days.

Analyst Ratings Changes

Several analysts recently weighed in on ATMU shares. Robert W. Baird lifted their price objective on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Northland Securities upgraded Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Wednesday, March 20th. Finally, The Goldman Sachs Group lifted their price objective on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $32.67.

Atmus Filtration Technologies Stock Down 0.4 %

Shares of Atmus Filtration Technologies stock opened at $30.17 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. The company has a 50-day simple moving average of $28.76 and a two-hundred day simple moving average of $24.35. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Wednesday, February 14th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The business had revenue of $399.70 million during the quarter, compared to the consensus estimate of $384.55 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Atmus Filtration Technologies will post 2.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds have recently modified their holdings of the stock. Kennedy Capital Management LLC acquired a new position in shares of Atmus Filtration Technologies during the third quarter valued at about $2,606,000. Swiss National Bank acquired a new position in shares of Atmus Filtration Technologies during the third quarter valued at about $763,000. Victory Capital Management Inc. acquired a new position in shares of Atmus Filtration Technologies during the third quarter valued at about $772,000. Vanguard Group Inc. increased its holdings in shares of Atmus Filtration Technologies by 73.5% during the third quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock valued at $34,712,000 after acquiring an additional 705,018 shares in the last quarter. Finally, Cambiar Investors LLC acquired a new position in shares of Atmus Filtration Technologies during the third quarter valued at about $1,972,000. Institutional investors and hedge funds 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.