By otakuyassine3@gmail.com 
Atmus Filtration Technologies Inc. (NYSE:ATMU – Get Free Report) was the recipient of a large growth in short interest during 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. Based on an average daily volume of 739,900 shares, the short-interest ratio is currently 2.5 days. Approximately 2.2% of the company’s shares are short sold.
Institutional Trading of Atmus Filtration Technologies
Several large investors have recently made changes to their positions in ATMU. JPMorgan Chase & Co. raised its holdings in Atmus Filtration Technologies by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after acquiring an additional 21,687 shares in the last quarter. Algert Global LLC lifted its holdings in Atmus Filtration Technologies by 516.7% during the third quarter. Algert Global LLC now owns 161,513 shares of the company’s stock worth $6,062,000 after acquiring an additional 135,325 shares in the last quarter. Palliser Capital UK Ltd acquired a new stake in shares of Atmus Filtration Technologies in the third quarter valued at about $2,090,000. Atom Investors LP grew its holdings in Atmus Filtration Technologies by 24.3% during the third quarter. Atom Investors LP now owns 103,441 shares of the company’s stock worth $3,882,000 after purchasing an additional 20,201 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Atmus Filtration Technologies by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company’s stock worth $26,764,000 after acquiring an additional 39,114 shares during the period. Institutional investors own 32.73% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on ATMU shares. Northland Securities raised their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Robert W. Baird upped their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company dropped their target price on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.80.
Read Our Latest Analysis on ATMU
Atmus Filtration Technologies Stock Down 2.5 %
Shares of ATMU stock traded down $1.06 during trading hours on Monday, reaching $40.76. 591,083 shares of the stock were exchanged, compared to its average volume of 616,185. The business’s fifty day moving average is $41.03 and its two-hundred day moving average is $38.03. The firm has a market capitalization of $3.39 billion, a P/E ratio of 18.96, a P/E/G ratio of 4.42 and a beta of 1.80. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. Atmus Filtration Technologies has a 12-month low of $21.09 and a 12-month high of $45.43.
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (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 company 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 business earned $0.52 EPS. Atmus Filtration Technologies’s revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, research analysts expect that Atmus Filtration Technologies will post 2.45 EPS for the current fiscal year.
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.
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