Atmus Filtration Technologies (NYSE:ATMU) Given New $39.00 Price Target at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its price objective decreased by equities research analysts at Wells Fargo & Company from $40.00 to $39.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would suggest a potential downside of 0.19% from the company's current price.

Other research analysts have also issued reports about the stock. Robert W. Baird reduced 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 research note on Monday. Northland Securities lifted their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Atmus Filtration Technologies Stock Up 0.3 %

NYSE ATMU traded up $0.10 during trading hours on Monday, hitting $39.07. The company's stock had a trading volume of 145,920 shares, compared to its average volume of 688,201. Atmus Filtration Technologies has a 52 week low of $22.81 and a 52 week high of $45.43. The company has a market capitalization of $3.25 billion, a PE ratio of 17.67, a price-to-earnings-growth ratio of 3.99 and a beta of 1.80. 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 company's 50-day simple moving average is $40.29 and its two-hundred day simple moving average is $39.12.

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Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The firm had revenue of $406.70 million for the quarter, compared to analysts' expectations of $399.24 million. Research analysts anticipate that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ATMU. DekaBank Deutsche Girozentrale grew its position in shares of Atmus Filtration Technologies by 4.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company's stock valued at $535,000 after purchasing an additional 626 shares in the last quarter. abrdn plc lifted its holdings in shares of Atmus Filtration Technologies by 32.5% during the 3rd quarter. abrdn plc now owns 725,732 shares of the company's stock worth $27,237,000 after acquiring an additional 178,074 shares during the last quarter. Palliser Capital UK Ltd bought a new stake in shares of Atmus Filtration Technologies during the 3rd quarter worth $2,090,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Atmus Filtration Technologies by 11.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 31,319 shares of the company's stock worth $1,175,000 after acquiring an additional 3,311 shares during the last quarter. Finally, Jag Capital Management LLC bought a new stake in shares of Atmus Filtration Technologies during the 3rd quarter worth $266,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.