Atmus Filtration Technologies (NYSE:ATMU) Given New $36.00 Price Target at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU) had its price objective upped by JPMorgan Chase & Co. from $27.00 to $36.00 in a research note published on Monday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also weighed in on ATMU. Wells Fargo & Company boosted their target price on shares of Atmus Filtration Technologies from $24.00 to $28.00 and gave the stock an overweight rating in a research report on Tuesday, December 19th. Northland Securities upgraded 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 note on Wednesday, March 20th. Finally, Robert W. Baird lifted their price target on Atmus Filtration Technologies from $28.00 to $29.00 and gave the stock an outperform rating in a research report on Thursday, February 15th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $30.40.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $32.25 on Monday. Atmus Filtration Technologies has a fifty-two week low of $18.21 and a fifty-two week high of $32.52. The stock’s 50-day moving average is $24.22 and its two-hundred day moving average is $22.58. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The firm had revenue of $399.70 million during the quarter, compared to analyst estimates of $384.55 million. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities research analysts anticipate that Atmus Filtration Technologies will post 2.22 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank bought a new position in Atmus Filtration Technologies during the third quarter worth about $48,000. Tower Research Capital LLC TRC bought a new stake in Atmus Filtration Technologies in the second quarter valued at $60,000. Strs Ohio bought a new stake in Atmus Filtration Technologies in the third quarter valued at $72,000. New York State Common Retirement Fund acquired a new position in Atmus Filtration Technologies during the third quarter worth $73,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Atmus Filtration Technologies during the fourth quarter worth $119,000. 32.73% of the stock is owned by institutional investors.

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.