Atmus Filtration Technologies (NYSE:ATMU) Price Target Cut to $36.00

Atmus Filtration Technologies (NYSE:ATMU) had its price objective reduced by Wells Fargo & Company from $37.00 to $36.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 21.29% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Northland Securities upgraded shares of 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 note on Wednesday, March 20th. Robert W. Baird upped their target price on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $34.00.

Atmus Filtration Technologies Stock Performance

Shares of ATMU stock opened at $29.68 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. The firm has a fifty day moving average price of $29.28 and a 200 day moving average price of $24.63. The company has a market cap of $2.47 billion and a P/E ratio of 15.14. Atmus Filtration Technologies has a 12 month low of $18.21 and a 12 month high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, May 3rd. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 482.30%. The firm had revenue of $426.60 million during the quarter, compared to the consensus estimate of $416.18 million. The company’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts predict that Atmus Filtration Technologies will post 2.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. purchased a new position in Atmus Filtration Technologies during the first quarter worth about $26,000. GAMMA Investing LLC raised its holdings in Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Atmus Filtration Technologies during the first quarter worth about $32,000. Amalgamated Bank purchased a new position in Atmus Filtration Technologies during the third quarter worth about $48,000. Finally, Strs Ohio purchased a new position in Atmus Filtration Technologies during the third quarter worth about $72,000. 32.73% of the stock is 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.