JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Atmus Filtration Technologies (NYSE:ATMU) Stock

Atmus Filtration Technologies (NYSE:ATMU) had its price target upped by stock analysts at JPMorgan Chase & Co. from $44.00 to $46.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 22.45% from the stock’s current price.

Several other research firms have also recently commented on ATMU. Robert W. Baird reduced their target price on 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 cut their price objective on Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Down 1.4 %

Shares of NYSE ATMU opened at $37.57 on Thursday. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61. The company has a market cap of $3.13 billion, a P/E ratio of 17.00, a P/E/G ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies has a 52 week low of $27.62 and a 52 week high of $45.43. The business has a 50-day simple moving average of $39.45 and a two-hundred day simple moving average of $39.69.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $406.70 million during the quarter, compared to analysts’ expectations of $399.24 million. Research analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new stake in shares of Atmus Filtration Technologies in the 4th quarter valued at $26,000. New Age Alpha Advisors LLC bought a new position in shares of Atmus Filtration Technologies during the fourth quarter valued at about $32,000. Nisa Investment Advisors LLC grew its stake in shares of Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock valued at $45,000 after buying an additional 876 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Atmus Filtration Technologies by 295.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after buying an additional 1,022 shares during the period. Finally, Quarry LP lifted its stake in shares of Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after acquiring an additional 827 shares during the last quarter. 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.