Atmus Filtration Technologies (NYSE:ATMU) PT Raised to $34.00

Atmus Filtration Technologies (NYSE:ATMU) had its price objective raised by equities research analysts at The Goldman Sachs Group from $30.00 to $34.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 5.59% from the stock’s previous close.

Several other research firms have also recently commented on ATMU. Wells Fargo & Company raised their target price 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. Robert W. Baird lifted their price objective on shares of Atmus Filtration Technologies from $28.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, 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 note on Wednesday, March 20th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $32.67.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $32.20 on Tuesday. The company has a debt-to-equity ratio of 7.34, a current ratio of 1.85 and a quick ratio of 1.18. The company’s 50-day moving average price is $27.08 and its two-hundred day moving average price is $23.63. 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 released its earnings results on Wednesday, February 14th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05. The firm had revenue of $399.70 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. As a group, analysts expect that Atmus Filtration Technologies will post 2.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ATMU. Investment Research & Advisory Group Inc. purchased a new position in shares of Atmus Filtration Technologies in the first quarter worth approximately $26,000. GAMMA Investing LLC increased its position in shares of 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. Amalgamated Bank purchased a new position in shares of Atmus Filtration Technologies in the third quarter worth approximately $48,000. Tower Research Capital LLC TRC purchased a new position in shares of Atmus Filtration Technologies in the second quarter worth approximately $60,000. Finally, Strs Ohio purchased a new position in shares of Atmus Filtration Technologies in the third quarter worth approximately $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.