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

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

ATMU has been the subject of a number of other reports. Wells Fargo & Company upped their target price on Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an overweight rating in a research note on Tuesday, December 19th. JPMorgan Chase & Co. increased their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an overweight rating in a research note on Monday. The Goldman Sachs Group lifted 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 report on Tuesday. Finally, Northland Securities raised shares of 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. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Atmus Filtration Technologies has an average rating of Buy and an average price target of $32.67.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $32.20 on Wednesday. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85. The firm’s 50-day moving average is $27.08 and its 200-day moving average 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 issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $384.55 million. Atmus Filtration Technologies’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts forecast that Atmus Filtration Technologies will post 2.23 earnings per share for the current year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several large investors have recently made changes to their positions in the company. Deltec Asset Management LLC acquired a new position in Atmus Filtration Technologies in the first quarter valued at about $1,290,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Atmus Filtration Technologies in the 1st quarter worth approximately $26,000. CVA Family Office LLC bought a new stake in Atmus Filtration Technologies during the 1st quarter worth approximately $85,000. GAMMA Investing LLC increased its holdings in Atmus Filtration Technologies by 103.8% during the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after purchasing an additional 442 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new position in Atmus Filtration Technologies in the 1st quarter valued at $145,000. Institutional investors own 32.73% of the company’s stock.

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.