Atmus Filtration Technologies (NYSE:ATMU) Given New $39.00 Price Target at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price target increased by Wells Fargo & Company from $37.00 to $39.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 4.19% from the company’s current price.

A number of other research firms also recently issued reports on ATMU. The Goldman Sachs Group downgraded shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research note on Tuesday, May 27th. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU opened at $37.43 on Tuesday. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 4.66 and a beta of 1.64. The company has a 50-day moving average price of $36.33 and a 200-day moving average price of $37.65. The company has a current ratio of 2.23, a quick ratio of 1.46 and a debt-to-equity ratio of 2.12. Atmus Filtration Technologies has a 12 month low of $27.72 and a 12 month high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, May 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. Atmus Filtration Technologies had a net margin of 11.14% and a return on equity of 94.85%. The company had revenue of $110.50 million during the quarter, compared to the consensus estimate of $424.03 million. During the same period in the prior year, the firm earned $0.60 earnings per share. Atmus Filtration Technologies’s revenue was down 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Atmus Filtration Technologies in the first quarter worth approximately $324,000. Norges Bank purchased a new stake in Atmus Filtration Technologies in the fourth quarter worth approximately $8,839,000. Oppenheimer Asset Management Inc. boosted its holdings in Atmus Filtration Technologies by 12.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,585 shares of the company’s stock worth $499,000 after purchasing an additional 1,482 shares during the last quarter. Millennium Management LLC boosted its holdings in Atmus Filtration Technologies by 91.1% in the fourth quarter. Millennium Management LLC now owns 186,912 shares of the company’s stock worth $7,323,000 after purchasing an additional 89,107 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter worth $260,000. Institutional investors own 32.73% of the company’s stock.

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.