Atmus Filtration Technologies (NYSE:ATMU) PT Lowered to $36.00 at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price objective lowered by Wells Fargo & Company from $37.00 to $36.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages have also issued reports on ATMU. Robert W. Baird upped their target price on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. The Goldman Sachs Group boosted their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on shares of 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, Northland Securities raised shares of Atmus Filtration Technologies from a market perform rating to an outperform rating and set a $34.00 target price on the stock in a research report on Wednesday, March 20th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus target price of $34.00.

Atmus Filtration Technologies Stock Up 4.4 %

Shares of Atmus Filtration Technologies stock opened at $29.69 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 7.34. The company has a market cap of $2.47 billion and a P/E ratio of 15.15. The firm’s 50 day moving average price is $29.17 and its 200-day moving average price is $24.57. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The company 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 10.03% and a return on equity of 482.30%. Atmus Filtration Technologies’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, sell-side analysts predict that Atmus Filtration Technologies will post 2.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Atmus Filtration Technologies by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company’s stock valued at $61,139,000 after purchasing an additional 29,568 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Atmus Filtration Technologies by 0.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock valued at $45,717,000 after buying an additional 13,120 shares during the last quarter. Weiss Asset Management LP raised its stake in shares of Atmus Filtration Technologies by 5.6% during the 4th quarter. Weiss Asset Management LP now owns 1,931,182 shares of the company’s stock valued at $45,363,000 after buying an additional 102,479 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 73.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock valued at $34,712,000 after buying an additional 705,018 shares during the period. Finally, FMR LLC boosted its stake in shares of Atmus Filtration Technologies by 193.9% in the third quarter. FMR LLC now owns 1,077,043 shares of the company’s stock worth $22,456,000 after buying an additional 710,540 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other 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.