Atmus Filtration Technologies (NYSE:ATMU) PT Lowered to $36.00 at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price target trimmed by Wells Fargo & Company from $37.00 to $36.00 in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other brokerages also recently issued reports on ATMU. Northland Securities upgraded Atmus Filtration Technologies from a market perform rating to an outperform rating and set a $34.00 price objective for the company in a research report on Wednesday, March 20th. Robert W. Baird boosted their price target on Atmus Filtration Technologies from $29.00 to $37.00 and gave the stock an outperform rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an overweight rating in a report on Monday, April 15th. Finally, The Goldman Sachs Group lifted their price objective on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $34.00.

Atmus Filtration Technologies Trading Up 0.7 %

NYSE:ATMU opened at $30.27 on Monday. The firm has a market capitalization of $2.52 billion and a P/E ratio of 15.44. The business has a 50 day simple moving average of $29.54 and a 200 day simple moving average of $24.71. The company has a debt-to-equity ratio of 7.34, a current ratio of 1.85 and a quick ratio of 1.18. Atmus Filtration Technologies has a 12-month low of $18.21 and a 12-month high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Atmus Filtration Technologies had a net margin of 10.03% and a return on equity of 482.30%. The business had revenue of $426.60 million for the quarter, compared to analysts’ expectations of $416.18 million. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Equities research analysts predict that Atmus Filtration Technologies will post 2.24 EPS for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several hedge funds have recently modified their holdings of the company. Investment Research & Advisory Group Inc. acquired a new stake in shares of Atmus Filtration Technologies in the first quarter valued at $26,000. GAMMA Investing LLC raised its position in Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after acquiring an additional 442 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Atmus Filtration Technologies in the 1st quarter valued at about $32,000. Amalgamated Bank bought a new position in shares of Atmus Filtration Technologies during the 3rd quarter valued at about $48,000. Finally, CVA Family Office LLC acquired a new position in shares of Atmus Filtration Technologies in the 1st quarter worth approximately $85,000. 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.