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

Atmus Filtration Technologies (NYSE:ATMU) had its price target boosted by research analysts at JPMorgan Chase & Co. from $36.00 to $38.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 17.65% from the company’s current price.

ATMU has been the subject of several other reports. Robert W. Baird increased 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. Wells Fargo & Company raised 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. Finally, 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. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $31.33.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock opened at $32.30 on Monday. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. The stock has a fifty day moving average price of $26.87 and a two-hundred day moving average price of $23.57. 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 released its quarterly earnings data on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) 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. Atmus Filtration Technologies’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts anticipate that Atmus Filtration Technologies will post 2.23 earnings per share for the current year.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATMU. JPMorgan Chase & Co. acquired a new stake in Atmus Filtration Technologies in the second quarter worth about $2,233,000. BlackRock Inc. acquired a new stake in Atmus Filtration Technologies in the second quarter worth about $22,563,000. Nuveen Asset Management LLC acquired a new stake in Atmus Filtration Technologies in the second quarter worth about $14,416,000. Marshall Wace LLP acquired a new stake in Atmus Filtration Technologies in the second quarter worth about $7,129,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Atmus Filtration Technologies in the second quarter worth about $60,000. 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.