Atmus Filtration Technologies (NYSE:ATMU) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price objective raised by investment analysts at JPMorgan Chase & Co. from $44.00 to $46.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 24.75% from the stock's previous close.

Several other equities analysts also recently commented on the company. Wells Fargo & Company dropped their target price on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Robert W. Baird dropped their price objective on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.80.

Atmus Filtration Technologies Price Performance

Shares of ATMU traded down $0.69 during mid-day trading on Thursday, reaching $36.88. The company had a trading volume of 195,066 shares, compared to its average volume of 1,111,982. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 3.99 and a beta of 1.83. 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 company's 50 day simple moving average is $39.45 and its 200 day simple moving average is $39.76. Atmus Filtration Technologies has a 1-year low of $27.62 and a 1-year high of $45.43.

Remove Ads

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its 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. The firm had revenue of $406.70 million for the quarter, compared to analyst estimates of $399.24 million. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. Analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Institutional Trading of Atmus Filtration Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new position in Atmus Filtration Technologies during the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC acquired a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth $32,000. Nisa Investment Advisors LLC raised its stake 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 worth $45,000 after buying an additional 876 shares during the last quarter. Tower Research Capital LLC TRC raised its stake 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 buying an additional 1,022 shares during the last quarter. Finally, Quarry LP lifted its holdings in Atmus Filtration Technologies by 70.9% in the fourth quarter. Quarry LP now owns 1,993 shares of the company's stock valued at $78,000 after buying an additional 827 shares during the period. 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.