JPMorgan Chase & Co. Lowers Atmus Filtration Technologies (NYSE:ATMU) Price Target to $38.00

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price target dropped by analysts at JPMorgan Chase & Co. from $46.00 to $38.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 12.59% from the stock's current price.

A number of other equities analysts also recently commented on ATMU. Wells Fargo & Company cut their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Robert W. Baird cut their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Atmus Filtration Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $41.20.

Atmus Filtration Technologies Trading Up 1.8 %

Shares of ATMU traded up $0.60 during mid-day trading on Friday, hitting $33.75. The company had a trading volume of 1,244,481 shares, compared to its average volume of 1,025,929. Atmus Filtration Technologies has a 1-year low of $27.62 and a 1-year high of $45.43. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The business's 50-day simple moving average is $37.59 and its 200-day simple moving average is $39.58. The stock has a market cap of $2.79 billion, a PE ratio of 15.27, a P/E/G ratio of 3.99 and a beta of 1.78.

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Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced 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. The company 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%. Sell-side analysts forecast that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of ATMU. Eminence Capital LP lifted its position in shares of Atmus Filtration Technologies by 79.0% during the fourth quarter. Eminence Capital LP now owns 4,592,614 shares of the company's stock worth $179,939,000 after purchasing an additional 2,027,617 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Atmus Filtration Technologies by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,262,408 shares of the company's stock valued at $167,003,000 after purchasing an additional 223,712 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Atmus Filtration Technologies by 44.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,911,153 shares of the company's stock valued at $74,879,000 after buying an additional 584,270 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Atmus Filtration Technologies by 2.1% in the third quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company's stock worth $71,123,000 after buying an additional 39,710 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new position in Atmus Filtration Technologies during the 4th quarter valued at $63,949,000. 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.