Atmus Filtration Technologies (NYSE:ATMU) PT Raised to $38.00

Atmus Filtration Technologies (NYSE:ATMU) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $36.00 to $38.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 17.65% from the stock’s current price.

ATMU has been the topic of a number of other reports. Wells Fargo & Company increased their price objective on shares of Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, December 19th. Robert W. Baird increased their price objective on shares of Atmus Filtration Technologies from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Northland Securities raised shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Wednesday, March 20th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $31.33.

Atmus Filtration Technologies Stock Performance

ATMU stock opened at $32.30 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. Atmus Filtration Technologies has a 12 month low of $18.21 and a 12 month high of $33.70. The company has a fifty day moving average price of $26.87 and a 200 day moving average price of $23.57.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly 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. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. The business had revenue of $399.70 million for the quarter, compared to analysts’ expectations of $384.55 million. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts anticipate that Atmus Filtration Technologies will post 2.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in Atmus Filtration Technologies in the second quarter valued at approximately $2,233,000. BlackRock Inc. acquired a new stake in shares of Atmus Filtration Technologies during the second quarter worth approximately $22,563,000. Nuveen Asset Management LLC acquired a new stake in shares of Atmus Filtration Technologies during the second quarter worth approximately $14,416,000. Marshall Wace LLP acquired a new position in Atmus Filtration Technologies in the second quarter worth $7,129,000. Finally, Tower Research Capital LLC TRC acquired a new position in Atmus Filtration Technologies in the second quarter worth $60,000. 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.