Atmus Filtration Technologies (NYSE:ATMU) Price Target Cut to $39.00 by Analysts at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price objective cut by equities research analysts at Wells Fargo & Company from $40.00 to $39.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target points to a potential upside of 0.65% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Northland Securities upped their target price on Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Robert W. Baird decreased their price target on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Atmus Filtration Technologies Trading Up 2.6 %

Shares of NYSE:ATMU traded up $1.00 during trading on Monday, reaching $38.75. 553,689 shares of the stock were exchanged, compared to its average volume of 669,798. Atmus Filtration Technologies has a 12-month low of $22.74 and a 12-month high of $45.43. The firm’s 50-day moving average price is $40.35 and its 200 day moving average price is $39.03. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The firm has a market cap of $3.22 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 4.14 and a beta of 1.80.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, February 21st. The company reported $0.58 EPS 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 business had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. On average, sell-side analysts anticipate that Atmus Filtration Technologies will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Atmus Filtration Technologies by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock worth $10,737,000 after purchasing an additional 21,687 shares during the last quarter. Algert Global LLC boosted its holdings in Atmus Filtration Technologies by 516.7% during the third quarter. Algert Global LLC now owns 161,513 shares of the company’s stock worth $6,062,000 after buying an additional 135,325 shares in the last quarter. Palliser Capital UK Ltd acquired a new position in Atmus Filtration Technologies in the third quarter worth approximately $2,090,000. Atom Investors LP lifted its position in shares of Atmus Filtration Technologies by 24.3% during the 3rd quarter. Atom Investors LP now owns 103,441 shares of the company’s stock valued at $3,882,000 after acquiring an additional 20,201 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Atmus Filtration Technologies by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company’s stock worth $26,764,000 after acquiring an additional 39,114 shares in the last quarter. 32.73% of the stock is currently owned by 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.