Short Interest in Atmus Filtration Technologies Inc. (NYSE:ATMU) Grows By 79.8%

Atmus Filtration Technologies Inc. (NYSE:ATMU) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 4,358,706 shares, an increase of 79.8% from the March 31st total of 2,423,756 shares. Currently, 5.4% of the company’s shares are short sold. Based on an average daily volume of 2,618,681 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ATMU. Robert W. Baird lowered their target price on Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Wells Fargo & Company lowered their target price on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Citigroup reiterated an “outperform” rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Zacks Research downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Wall Street Zen downgraded Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 11th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Atmus Filtration Technologies has an average rating of “Moderate Buy” and an average price target of $58.25.

Atmus Filtration Technologies Stock Down 1.9%

Shares of NYSE:ATMU opened at $61.41 on Wednesday. The business’s 50 day simple moving average is $60.68 and its two-hundred day simple moving average is $55.31. The firm has a market cap of $5.01 billion, a P/E ratio of 24.56, a PEG ratio of 2.84 and a beta of 1.58. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.66 and a current ratio of 2.42. Atmus Filtration Technologies has a 52-week low of $33.58 and a 52-week high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, February 13th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $446.60 million for the quarter, compared to analyst estimates of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. As a group, research analysts forecast that Atmus Filtration Technologies will post 2.9 EPS for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were issued a $0.055 dividend. The ex-dividend date was Friday, February 20th. This represents a $0.22 annualized dividend and a yield of 0.4%. Atmus Filtration Technologies’s dividend payout ratio is presently 8.80%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ieq Capital LLC boosted its holdings in Atmus Filtration Technologies by 3.4% in the fourth quarter. Ieq Capital LLC now owns 5,530 shares of the company’s stock worth $287,000 after acquiring an additional 182 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Atmus Filtration Technologies by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock valued at $3,033,000 after purchasing an additional 236 shares in the last quarter. Anchyra Partners LLC lifted its holdings in shares of Atmus Filtration Technologies by 6.6% in the first quarter. Anchyra Partners LLC now owns 4,256 shares of the company’s stock valued at $242,000 after purchasing an additional 264 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Atmus Filtration Technologies by 2.1% in the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock valued at $626,000 after purchasing an additional 285 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Atmus Filtration Technologies by 14.7% in the fourth quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after purchasing an additional 285 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.