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 target price increased by research analysts at JPMorgan Chase & Co. from $38.00 to $41.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 11.91% from the company's current price.

Several other research firms have also commented on ATMU. Robert W. Baird decreased their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Wells Fargo & Company increased their target price on shares of Atmus Filtration Technologies from $35.00 to $37.00 and gave the company an "equal weight" rating in a research report on Monday.

Atmus Filtration Technologies Stock Up 1.5 %

Shares of ATMU traded up $0.54 during mid-day trading on Monday, hitting $36.64. The company's stock had a trading volume of 34,908 shares, compared to its average volume of 919,342. 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 moving average is $35.82 and its 200-day moving average is $39.10. Atmus Filtration Technologies has a 52-week low of $27.62 and a 52-week high of $45.43. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 3.99 and a beta of 1.81.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.04. The company had revenue of $110.50 million during the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. Atmus Filtration Technologies's revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, equities research analysts forecast 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 bought and sold shares of the stock. Verdence Capital Advisors LLC purchased a new stake in shares of Atmus Filtration Technologies during the first quarter valued at $476,000. Victory Capital Management Inc. lifted its position in Atmus Filtration Technologies by 2.7% during the 1st quarter. Victory Capital Management Inc. now owns 692,669 shares of the company's stock worth $25,442,000 after acquiring an additional 17,896 shares during the period. Hohimer Wealth Management LLC grew its stake in Atmus Filtration Technologies by 4.5% during the 1st quarter. Hohimer Wealth Management LLC now owns 9,053 shares of the company's stock valued at $333,000 after purchasing an additional 386 shares during the last quarter. Xponance Inc. increased its holdings in shares of Atmus Filtration Technologies by 5.6% in the first quarter. Xponance Inc. now owns 6,792 shares of the company's stock valued at $249,000 after purchasing an additional 358 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Atmus Filtration Technologies by 68.1% in the first quarter. Cerity Partners LLC now owns 12,844 shares of the company's stock worth $472,000 after purchasing an additional 5,204 shares during the last quarter. Institutional investors and hedge funds own 32.73% of the company's stock.

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.

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