Brokerages Set Atmus Filtration Technologies Inc. (NYSE:ATMU) Target Price at $32.67

Atmus Filtration Technologies Inc. (NYSE:ATMU) has earned an average recommendation of “Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have covered the stock in the last year is $32.67.

A number of equities research analysts have weighed in on ATMU shares. The Goldman Sachs Group upped their price target on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Northland Securities raised Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price objective for the company in a research report on Wednesday, March 20th. JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Finally, Robert W. Baird lifted 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 note on Wednesday, April 17th.

Institutional Trading of Atmus Filtration Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ATMU. Kennedy Capital Management LLC acquired a new position in shares of Atmus Filtration Technologies during the 3rd quarter worth about $2,606,000. Swiss National Bank acquired a new stake in Atmus Filtration Technologies during the 3rd quarter worth $763,000. Victory Capital Management Inc. bought a new position in Atmus Filtration Technologies during the third quarter worth about $772,000. Vanguard Group Inc. increased its holdings in shares of Atmus Filtration Technologies by 73.5% in the third quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock worth $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 in the 3rd quarter valued at approximately $1,972,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Down 8.0 %

Shares of NYSE:ATMU opened at $28.44 on Friday. The company’s fifty day moving average is $29.04 and its two-hundred day moving average is $24.50. The stock has a market capitalization of $2.37 billion and a price-to-earnings ratio of 14.51. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85. Atmus Filtration Technologies has a 1-year low of $18.21 and a 1-year high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The business had revenue of $426.60 million during the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. The business’s revenue was up 1.9% compared to the same quarter last year. Equities analysts anticipate that Atmus Filtration Technologies will post 2.24 EPS for the current 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.