Atmus Filtration Technologies (NYSE:ATMU) Given New $38.00 Price Target at JPMorgan Chase & Co.

Atmus Filtration Technologies (NYSE:ATMU - Free Report) had its price target boosted by JPMorgan Chase & Co. from $36.00 to $38.00 in a report issued on Monday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently weighed in on ATMU. Northland Securities upgraded Atmus Filtration Technologies from a market perform rating to an outperform rating and set a $34.00 target price for the company in a research note on Wednesday, March 20th. Robert W. Baird raised their price objective on Atmus Filtration Technologies from $28.00 to $29.00 and gave the company an outperform rating in a research note on Thursday, February 15th. Finally, Wells Fargo & Company lifted their target price on Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an overweight rating in a research report on Tuesday, December 19th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Atmus Filtration Technologies currently has an average rating of Buy and a consensus price target of $30.80.

Atmus Filtration Technologies Trading Up 0.5 %

Atmus Filtration Technologies stock traded up $0.15 during mid-day trading on Monday, reaching $32.12. 3,517,397 shares of the company were exchanged, compared to its average volume of 3,267,282. The company has a debt-to-equity ratio of 7.34, a current ratio of 1.85 and a quick ratio of 1.18. The company has a fifty day simple moving average of $26.45 and a 200-day simple moving average of $23.41. Atmus Filtration Technologies has a 12 month low of $18.21 and a 12 month high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.05. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The company had revenue of $399.70 million for the quarter, compared to analysts' expectations of $384.55 million. The company's revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts anticipate that Atmus Filtration Technologies will post 2.23 EPS for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company's stock worth $28,000 after purchasing an additional 442 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Atmus Filtration Technologies by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 116,379 shares of the company's stock worth $2,734,000 after buying an additional 1,118 shares during the period. Raymond James & Associates grew its position in shares of Atmus Filtration Technologies by 11.8% in the 3rd quarter. Raymond James & Associates now owns 13,569 shares of the company's stock valued at $283,000 after buying an additional 1,429 shares during the last quarter. Amalgamated Bank acquired a new stake in shares of Atmus Filtration Technologies in the third quarter valued at about $48,000. Finally, CVA Family Office LLC bought a new position in shares of Atmus Filtration Technologies during the first quarter worth about $85,000. 32.73% of the stock is currently owned by 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.