Wells Fargo & Company Trims Atmus Filtration Technologies (NYSE:ATMU) Target Price to $36.00

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

Other equities analysts have also issued reports about the company. The Goldman Sachs Group increased their price target 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. Robert W. Baird increased their price objective on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. 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. Finally, JPMorgan Chase & Co. increased their price objective on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an overweight rating in a research report on Monday, April 15th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of Buy and a consensus target price of $34.00.

Atmus Filtration Technologies Stock Performance

Shares of NYSE ATMU opened at $30.06 on Monday. The stock has a fifty day moving average price of $29.41 and a two-hundred day moving average price of $24.67. The company has a debt-to-equity ratio of 7.34, a quick ratio of 1.18 and a current ratio of 1.85. The firm has a market cap of $2.51 billion and a P/E ratio of 15.34. Atmus Filtration Technologies has a 1 year low of $18.21 and a 1 year high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The firm 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%. The firm’s revenue was up 1.9% on a year-over-year basis. Research analysts forecast that Atmus Filtration Technologies will post 2.24 EPS for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds have recently modified their holdings of ATMU. FMR LLC lifted its holdings in shares of 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Atmus Filtration Technologies by 73.5% in the third 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. Caas Capital Management LP purchased a new stake in shares of Atmus Filtration Technologies in the first quarter valued at $19,841,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atmus Filtration Technologies by 99.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock valued at $31,387,000 after purchasing an additional 484,420 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Atmus Filtration Technologies by 249,350.6% in the first quarter. Russell Investments Group Ltd. now owns 424,066 shares of the company’s stock valued at $13,676,000 after purchasing an additional 423,896 shares in the last quarter. Hedge funds and other institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

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.