Atmus Filtration Technologies (NYSE:ATMU) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Atmus Filtration Technologies (NYSE:ATMU) had its target price lifted by research analysts at Robert W. Baird from $41.00 to $45.00 in a report released on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 2.51% from the stock’s previous close.

A number of other equities research analysts have also weighed in on ATMU. The Goldman Sachs Group lowered Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research note on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Finally, Wells Fargo & Company boosted their price objective on Atmus Filtration Technologies from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Atmus Filtration Technologies presently has an average rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies Trading Up 3.9%

ATMU stock opened at $43.90 on Monday. The company has a market capitalization of $3.61 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 5.17 and a beta of 1.64. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.46 and a current ratio of 2.15. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $45.43. The company’s 50 day moving average price is $37.50 and its two-hundred day moving average price is $37.29.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $453.50 million for the quarter, compared to analysts’ expectations of $433.51 million. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. As a group, analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. lifted its holdings in Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after buying an additional 272 shares during the period. Creative Planning raised its holdings in shares of Atmus Filtration Technologies by 4.9% during the second quarter. Creative Planning now owns 6,688 shares of the company’s stock valued at $244,000 after acquiring an additional 312 shares in the last quarter. LPL Financial LLC lifted its stake in Atmus Filtration Technologies by 3.3% in the fourth quarter. LPL Financial LLC now owns 10,102 shares of the company’s stock worth $396,000 after acquiring an additional 326 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Atmus Filtration Technologies by 3.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,766 shares of the company’s stock valued at $343,000 after acquiring an additional 330 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in Atmus Filtration Technologies by 5.6% in the first quarter. Xponance Inc. now owns 6,792 shares of the company’s stock valued at $249,000 after acquiring an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.