Atmus Filtration Technologies (NYSE:ATMU) Given New $40.00 Price Target at Wells Fargo & Company

Atmus Filtration Technologies (NYSE:ATMU) had its price objective decreased by analysts at Wells Fargo & Company from $45.00 to $40.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 2.56% from the stock’s previous close.

A number of other brokerages have also recently weighed in on ATMU. JPMorgan Chase & Co. lifted their price objective on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Northland Securities increased their price target on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird upped their target price on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.80.

Atmus Filtration Technologies Trading Down 1.1 %

ATMU stock traded down $0.44 during midday trading on Tuesday, hitting $39.00. 55,748 shares of the company’s stock were exchanged, compared to its average volume of 473,927. Atmus Filtration Technologies has a 1-year low of $21.09 and a 1-year high of $45.43. 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 stock has a market capitalization of $3.24 billion, a PE ratio of 18.14, a P/E/G ratio of 4.42 and a beta of 1.80. The business has a 50-day simple moving average of $41.16 and a two-hundred day simple moving average of $36.27.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, November 8th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies had a net margin of 10.84% and a return on equity of 134.28%. The company had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $403.40 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. Atmus Filtration Technologies’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Atmus Filtration Technologies will post 2.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Large investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Atmus Filtration Technologies in the 2nd quarter worth approximately $29,000. GAMMA Investing LLC increased its position in shares of Atmus Filtration Technologies by 89.3% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after buying an additional 774 shares in the last quarter. KBC Group NV raised its stake in shares of Atmus Filtration Technologies by 42.1% during the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock worth $91,000 after buying an additional 718 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Atmus Filtration Technologies in the 2nd quarter worth about $134,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Atmus Filtration Technologies in the second quarter valued at approximately $220,000. 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.