Atmus Filtration Technologies Inc. (NYSE:ATMU) Receives $32.67 Average PT from Analysts

Atmus Filtration Technologies Inc. (NYSE:ATMU) has earned a consensus recommendation of “Buy” from the six analysts that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $34.00.

Several brokerages have commented on ATMU. Robert W. Baird raised their price target on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Wells Fargo & Company dropped their price objective on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group lifted their target price on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Northland Securities upgraded shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, April 15th.

Atmus Filtration Technologies Stock Down 0.0 %

NYSE ATMU opened at $29.68 on Friday. The business’s fifty day simple moving average is $29.28 and its 200-day simple moving average is $24.63. 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 firm has a market cap of $2.47 billion and a PE ratio of 15.14. 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 data on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $426.60 million during the quarter, compared to analyst estimates of $416.18 million. Atmus Filtration Technologies had a return on equity of 482.30% and a net margin of 10.03%. Atmus Filtration Technologies’s revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts anticipate that Atmus Filtration Technologies will post 2.24 earnings per share for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in Atmus Filtration Technologies by 1.1% during the fourth quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company’s stock valued at $61,139,000 after buying an additional 29,568 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Atmus Filtration Technologies by 0.7% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock valued at $45,717,000 after acquiring an additional 13,120 shares in the last quarter. Weiss Asset Management LP boosted its position in Atmus Filtration Technologies by 5.6% during the 4th quarter. Weiss Asset Management LP now owns 1,931,182 shares of the company’s stock worth $45,363,000 after purchasing an additional 102,479 shares during the period. Vanguard Group Inc. increased its holdings in Atmus Filtration Technologies by 73.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock valued at $34,712,000 after purchasing an additional 705,018 shares in the last quarter. Finally, FMR LLC raised its position in Atmus Filtration Technologies by 193.9% in the third quarter. FMR LLC now owns 1,077,043 shares of the company’s stock valued at $22,456,000 after purchasing an additional 710,540 shares during the period. 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.