JPMorgan Chase & Co. Increases Atmus Filtration Technologies (NYSE:ATMU) Price Target to $38.00

Atmus Filtration Technologies (NYSE:ATMU) had its price objective lifted by JPMorgan Chase & Co. from $36.00 to $38.00 in a research report released on Monday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently weighed in on ATMU. Northland Securities raised Atmus Filtration Technologies from a market perform rating to an outperform rating and set a $34.00 price target for the company in a research report on Wednesday, March 20th. Robert W. Baird upped their price objective on Atmus Filtration Technologies from $28.00 to $29.00 and gave the stock an outperform rating in a research note on Thursday, February 15th. Finally, Wells Fargo & Company upped their price objective on Atmus Filtration Technologies from $24.00 to $28.00 and gave the stock an overweight rating in a research note on Tuesday, December 19th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $30.80.

Atmus Filtration Technologies Trading Up 0.5 %

NYSE:ATMU opened at $32.12 on Monday. 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. The business has a 50 day moving average price of $26.65 and a two-hundred day moving average price of $23.49.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $384.55 million. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts predict that Atmus Filtration Technologies will post 2.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in Atmus Filtration Technologies in the 1st quarter valued at $85,000. GAMMA Investing LLC grew its holdings in shares of Atmus Filtration Technologies by 103.8% during the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after purchasing an additional 442 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 1st quarter worth $145,000. Nomura Holdings Inc. acquired a new stake in shares of Atmus Filtration Technologies during the 4th quarter worth $2,764,000. Finally, Vanguard Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 1,732,250 shares of the company’s stock worth $40,691,000 after purchasing an additional 67,422 shares in the last quarter. 32.73% of the stock is owned by institutional investors and hedge funds.

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.