JPMorgan Chase & Co. Issues Positive Forecast for Atmus Filtration Technologies (NYSE:ATMU) Stock Price

Atmus Filtration Technologies (NYSE:ATMU) had its target price upped by stock analysts at JPMorgan Chase & Co. from $44.00 to $46.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 22.45% from the company’s current price.

A number of other research analysts also recently issued reports on ATMU. Robert W. Baird reduced their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Wells Fargo & Company decreased their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $37.57 on Thursday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies has a 12 month low of $27.62 and a 12 month high of $45.43. The company has a 50-day moving average price of $39.45 and a 200-day moving average price of $39.69.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. The business had revenue of $406.70 million during the quarter, compared to analyst estimates of $399.24 million. As a group, equities analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ATMU. Geneos Wealth Management Inc. purchased a new stake in Atmus Filtration Technologies in the fourth quarter worth about $26,000. New Age Alpha Advisors LLC bought a new stake in shares of Atmus Filtration Technologies in the 4th quarter worth approximately $32,000. Nisa Investment Advisors LLC grew its stake in shares of Atmus Filtration Technologies by 333.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after buying an additional 876 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Atmus Filtration Technologies by 295.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock valued at $54,000 after buying an additional 1,022 shares in the last quarter. Finally, Quarry LP boosted its holdings in Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company’s stock worth $78,000 after acquiring an additional 827 shares in the last quarter. 32.73% of the stock is currently owned by institutional investors.

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.