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

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

A number of other equities analysts have also recently weighed in on ATMU. The Goldman Sachs Group lifted their price target on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a buy rating in a research report on Tuesday, April 16th. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. Northland Securities raised shares of Atmus Filtration Technologies from a market perform rating to an outperform rating and set a $34.00 price objective on the stock in a research report on Wednesday, March 20th. 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 research report on Monday, April 15th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $34.00.

Atmus Filtration Technologies Trading Up 1.3 %

Shares of NYSE ATMU opened at $30.06 on Monday. The company’s fifty day moving average is $29.41 and its 200-day moving average is $24.67. The stock has a market cap of $2.51 billion and a price-to-earnings ratio of 15.34. Atmus Filtration Technologies has a twelve month low of $18.21 and a twelve month high of $33.70. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 7.34.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $426.60 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts predict that Atmus Filtration Technologies will post 2.24 EPS for the current year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATMU. FMR LLC lifted its position in 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 buying an additional 710,540 shares in the last quarter. Vanguard Group Inc. lifted its position in 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 buying an additional 705,018 shares in the last quarter. Caas Capital Management LP bought a new stake in Atmus Filtration Technologies during the 1st quarter worth about $19,841,000. Allspring Global Investments Holdings LLC lifted its position in Atmus Filtration Technologies by 99.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock worth $31,387,000 after buying an additional 484,420 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Atmus Filtration Technologies by 249,350.6% during the 1st quarter. Russell Investments Group Ltd. now owns 424,066 shares of the company’s stock worth $13,676,000 after buying an additional 423,896 shares in the last quarter. 32.73% of the stock is owned by 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.