Atmus Filtration Technologies (NYSE:ATMU) PT Raised to $37.00

Atmus Filtration Technologies (NYSE:ATMU) had its target price lifted by research analysts at Robert W. Baird from $29.00 to $37.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 19.01% from the stock’s previous close.

Other research analysts have also issued reports about the company. Northland Securities raised Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Wednesday, March 20th. JPMorgan Chase & Co. boosted their target price on Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday. The Goldman Sachs Group upped 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. Finally, Wells Fargo & Company upped their price objective on Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $32.67.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $31.09 on Wednesday. Atmus Filtration Technologies has a twelve month low of $18.21 and a twelve month high of $33.70. The stock’s 50 day moving average price is $27.26 and its two-hundred day moving average price is $23.68. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 7.34.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. The business had revenue of $399.70 million for the quarter, compared to analyst estimates of $384.55 million. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. Atmus Filtration Technologies’s revenue was up 3.8% compared to the same quarter last year. Analysts predict that Atmus Filtration Technologies will post 2.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. bought a new stake in shares of Atmus Filtration Technologies during the 1st quarter valued at $26,000. GAMMA Investing LLC lifted its position in shares of Atmus Filtration Technologies by 103.8% during the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after acquiring an additional 442 shares during the period. Amalgamated Bank bought a new stake in shares of Atmus Filtration Technologies during the 3rd quarter valued at $48,000. Tower Research Capital LLC TRC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter valued at $60,000. Finally, Strs Ohio bought a new stake in shares of Atmus Filtration Technologies during the 3rd quarter valued at $72,000. 32.73% of the stock is owned by institutional investors and hedge funds.

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.