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

Atmus Filtration Technologies Inc. (NYSE:ATMU - Get Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 5,100,000 shares, an increase of 5.4% from the March 31st total of 4,840,000 shares. Based on an average daily trading volume, of 3,760,000 shares, the short-interest ratio is currently 1.4 days. Currently, 6.2% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ATMU. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, April 15th. Robert W. Baird upped their price target on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 17th. The Goldman Sachs Group upped their price target on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, April 16th. Finally, Northland Securities upgraded shares of Atmus Filtration Technologies from a "market perform" rating to an "outperform" rating and set a $34.00 price target on the stock in a research report on Wednesday, March 20th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $32.67.

Atmus Filtration Technologies Trading Down 0.4 %

NYSE:ATMU traded down $0.12 on Wednesday, hitting $30.17. 1,525,588 shares of the stock were exchanged, compared to its average volume of 3,085,712. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85. The company's 50-day moving average price is $28.76 and its 200 day moving average price is $24.35. Atmus Filtration Technologies has a 52 week low of $18.21 and a 52 week high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.05. The company had revenue of $399.70 million during the quarter, compared to analysts' expectations of $384.55 million. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. 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

Several institutional investors and hedge funds have recently modified their holdings of ATMU. Raymond James & Associates grew its position in shares of Atmus Filtration Technologies by 11.8% in the 3rd quarter. Raymond James & Associates now owns 13,569 shares of the company's stock valued at $283,000 after purchasing an additional 1,429 shares during the period. Bank of New York Mellon Corp acquired a new position in Atmus Filtration Technologies during the 3rd quarter worth approximately $837,000. Strs Ohio acquired a new position in Atmus Filtration Technologies during the 3rd quarter worth approximately $72,000. Allspring Global Investments Holdings LLC boosted its position in Atmus Filtration Technologies by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 469,601 shares of the company's stock worth $9,791,000 after acquiring an additional 8,391 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new position in Atmus Filtration Technologies during the 3rd quarter worth approximately $1,972,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

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.