Analysts Set Atmus Filtration Technologies Inc. (NYSE:ATMU) Price Target at $32.67

Shares of Atmus Filtration Technologies Inc. (NYSE:ATMU) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $34.00.

A number of brokerages have recently commented on ATMU. Wells Fargo & Company lowered their target price on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday. 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. The Goldman Sachs Group boosted their target price on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted 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. Finally, Robert W. Baird increased their target price on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th.

Atmus Filtration Technologies Stock Up 0.7 %

Shares of ATMU stock opened at $30.27 on Friday. 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 has a fifty-two week low of $18.21 and a fifty-two week high of $33.70. The firm has a market capitalization of $2.52 billion and a PE ratio of 15.44. The stock’s 50-day simple moving average is $29.54 and its 200-day simple moving average is $24.71.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 482.30%. The company had revenue of $426.60 million during the quarter, compared to analyst estimates of $416.18 million. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities analysts expect that Atmus Filtration Technologies will post 2.24 earnings per share for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Large investors have recently added to or reduced their stakes in the stock. Investment Research & Advisory Group Inc. acquired a new stake in shares of Atmus Filtration Technologies in the first quarter valued at about $26,000. GAMMA Investing LLC lifted its stake in Atmus Filtration Technologies by 103.8% in the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after buying an additional 442 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Atmus Filtration Technologies in the 1st quarter worth about $32,000. Amalgamated Bank purchased a new stake in Atmus Filtration Technologies during the 3rd quarter worth approximately $48,000. Finally, Strs Ohio acquired a new position in shares of Atmus Filtration Technologies during the third quarter valued at approximately $72,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

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.