Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $37.00

Atmus Filtration Technologies (NYSE:ATMU) had its price target upped by Robert W. Baird from $29.00 to $37.00 in a research note published on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts also recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a buy rating in a report on Tuesday. Northland Securities raised 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 report on Wednesday, March 20th. Wells Fargo & Company boosted their price objective on shares of Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an overweight rating in a report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. boosted their price objective 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 research analysts have rated the stock with a buy rating, According to MarketBeat.com, Atmus Filtration Technologies currently has an average rating of Buy and a consensus price target of $32.67.

Atmus Filtration Technologies Stock Down 0.7 %

Atmus Filtration Technologies stock opened at $30.87 on Wednesday. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85. The company’s 50-day moving average is $27.44 and its 200-day moving average is $23.76. Atmus Filtration Technologies has a fifty-two week low of $18.21 and a fifty-two week high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Wednesday, February 14th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.44 by $0.05. The business had revenue of $399.70 million during the quarter, compared to the consensus estimate of $384.55 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. The business’s revenue was up 3.8% compared to the same quarter last year. On average, analysts anticipate that Atmus Filtration Technologies will post 2.24 EPS for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ATMU. Citadel Advisors LLC bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $34,697,000. BlackRock Inc. bought a new stake in shares of Atmus Filtration Technologies during the 2nd quarter worth approximately $22,563,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Atmus Filtration Technologies by 93.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,505,418 shares of the company’s stock worth $35,363,000 after acquiring an additional 726,918 shares during the period. FMR LLC lifted its holdings in shares of Atmus Filtration Technologies by 193.9% during the 3rd quarter. FMR LLC now owns 1,077,043 shares of the company’s stock worth $22,456,000 after acquiring an additional 710,540 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 73.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock worth $34,712,000 after acquiring an additional 705,018 shares during the period. Institutional investors own 32.73% of the company’s stock.

About Atmus Filtration Technologies

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.