Atmus Filtration Technologies (NYSE:ATMU) Price Target Raised to $34.00

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its target price increased by The Goldman Sachs Group from $30.00 to $34.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's price target points to a potential upside of 5.26% from the company's current price.

ATMU has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on shares of Atmus Filtration Technologies from $24.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 19th. Robert W. Baird upped their price objective on shares of Atmus Filtration Technologies from $28.00 to $29.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Northland Securities raised shares of Atmus Filtration Technologies from a "market perform" rating to an "outperform" rating and set a $34.00 target price on the stock in a report on Wednesday, March 20th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $31.33.

Atmus Filtration Technologies Stock Performance

Shares of NYSE:ATMU traded up $0.18 during midday trading on Tuesday, hitting $32.30. The stock had a trading volume of 1,368,375 shares, compared to its average volume of 3,243,737. The company's 50-day moving average price is $26.65 and its 200-day moving average price is $23.49. The company has a debt-to-equity ratio of 7.34, a current ratio of 1.85 and a quick ratio of 1.18. Atmus Filtration Technologies has a fifty-two week low of $18.21 and a fifty-two week high of $33.70.

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

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors have recently modified their holdings of ATMU. GAMMA Investing LLC boosted its stake in shares of Atmus Filtration Technologies by 103.8% in the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company's stock valued at $28,000 after purchasing an additional 442 shares during the last quarter. Amalgamated Bank bought a new position in Atmus Filtration Technologies during the third quarter worth $48,000. Tower Research Capital LLC TRC bought a new position in Atmus Filtration Technologies during the second quarter worth $60,000. Strs Ohio bought a new position in Atmus Filtration Technologies during the third quarter worth $72,000. Finally, New York State Common Retirement Fund bought a new position in Atmus Filtration Technologies during the third quarter worth $73,000. 32.73% of the stock is 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.