Robert W. Baird Issues Pessimistic Forecast for Atmus Filtration Technologies (NYSE:ATMU) Stock Price

Atmus Filtration Technologies (NYSE:ATMU) had its price objective reduced by analysts at Robert W. Baird from $46.00 to $45.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective indicates a potential upside of 19.19% from the stock’s current price.

Several other equities analysts have also issued reports on ATMU. Northland Securities upped their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.20.

Atmus Filtration Technologies Price Performance

Shares of NYSE:ATMU opened at $37.76 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.35 and a debt-to-equity ratio of 2.61. The stock has a market cap of $3.14 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 4.14 and a beta of 1.80. The stock’s fifty day simple moving average is $40.35 and its two-hundred day simple moving average is $39.03. Atmus Filtration Technologies has a 1-year low of $22.30 and a 1-year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. As a group, analysts forecast that Atmus Filtration Technologies will post 2.45 EPS for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

A number of large investors have recently bought and sold shares of ATMU. Geneos Wealth Management Inc. purchased a new position in shares of Atmus Filtration Technologies during the 4th quarter valued at $26,000. New Age Alpha Advisors LLC bought a new stake in Atmus Filtration Technologies in the 4th quarter valued at about $32,000. Nisa Investment Advisors LLC lifted its holdings in Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after purchasing an additional 876 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Atmus Filtration Technologies by 295.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after purchasing an additional 1,022 shares during the period. Finally, Quarry LP increased its stake in shares of Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company’s stock worth $78,000 after purchasing an additional 827 shares in the last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

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.