Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $37.00 at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its target price increased by Robert W. Baird from $29.00 to $37.00 in a research report released on Wednesday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts have also recently commented on the company. The Goldman Sachs Group raised their target price on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a buy rating in a research report on Tuesday. Wells Fargo & Company lifted 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. Northland Securities upgraded shares of Atmus Filtration Technologies from a market perform rating to an outperform rating and set a $34.00 target price for the company in a research report on Wednesday, March 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an overweight rating in a research report on Monday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average target price of $32.67.

Atmus Filtration Technologies Price Performance

ATMU stock opened at $32.20 on Wednesday. Atmus Filtration Technologies has a 1 year low of $18.21 and a 1 year high of $33.70. 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 stock’s fifty day moving average is $27.08 and its two-hundred day moving average is $23.63.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $399.70 million during the quarter, compared to analyst estimates of $384.55 million. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that Atmus Filtration Technologies will post 2.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ATMU. GAMMA Investing LLC raised its position in Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after acquiring an additional 442 shares in the last quarter. Investment Research & Advisory Group Inc. bought a new stake in shares of Atmus Filtration Technologies in the 1st quarter worth approximately $26,000. Charles Schwab Investment Management Inc. lifted its stake in Atmus Filtration Technologies by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 116,379 shares of the company’s stock valued at $2,734,000 after purchasing an additional 1,118 shares during the last quarter. Raymond James & Associates boosted its holdings in Atmus Filtration Technologies by 11.8% during the third quarter. Raymond James & Associates now owns 13,569 shares of the company’s stock worth $283,000 after buying an additional 1,429 shares in the last quarter. Finally, Amalgamated Bank acquired a new position in Atmus Filtration Technologies in the third quarter worth approximately $48,000. Institutional investors own 32.73% of the company’s stock.

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.