Atmus Filtration Technologies (NYSE:ATMU) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) had its target price upped by equities researchers at Wells Fargo & Company from $37.00 to $39.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 4.67% from the company's current price.

Several other equities analysts have also issued reports on ATMU. JPMorgan Chase & Co. raised their price target on Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. The Goldman Sachs Group lowered Atmus Filtration Technologies from a "buy" rating to a "neutral" rating and set a $39.00 price objective for the company. in a research note on Tuesday, May 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.80.

Atmus Filtration Technologies Price Performance

NYSE ATMU traded up $0.84 on Tuesday, reaching $37.26. 937,970 shares of the company's stock traded hands, compared to its average volume of 855,590. Atmus Filtration Technologies has a 12 month low of $27.72 and a 12 month high of $45.43. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.23 and a quick ratio of 1.46. The stock has a 50-day simple moving average of $36.24 and a 200 day simple moving average of $37.65. The stock has a market cap of $3.08 billion, a PE ratio of 16.86, a P/E/G ratio of 4.47 and a beta of 1.71.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. The company had revenue of $110.50 million for the quarter, compared to analyst estimates of $424.03 million. Atmus Filtration Technologies had a net margin of 11.14% and a return on equity of 94.85%. The firm's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. As a group, research analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors and hedge funds have recently bought and sold shares of ATMU. Rhumbline Advisers increased its stake in shares of Atmus Filtration Technologies by 3.6% during the first quarter. Rhumbline Advisers now owns 119,298 shares of the company's stock valued at $4,382,000 after buying an additional 4,122 shares during the period. Strs Ohio bought a new stake in Atmus Filtration Technologies in the first quarter valued at $121,000. Intech Investment Management LLC increased its position in Atmus Filtration Technologies by 32.0% during the 1st quarter. Intech Investment Management LLC now owns 58,336 shares of the company's stock valued at $2,143,000 after purchasing an additional 14,126 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Atmus Filtration Technologies by 2.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 159,638 shares of the company's stock valued at $5,864,000 after purchasing an additional 3,419 shares during the period. Finally, Woodline Partners LP bought a new position in Atmus Filtration Technologies in the 1st quarter worth $5,780,000. Hedge funds and other institutional investors 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.