Robert W. Baird Increases Atmus Filtration Technologies (NYSE:ATMU) Price Target to $37.00

Atmus Filtration Technologies (NYSE:ATMU) had its target price raised by analysts at Robert W. Baird from $29.00 to $37.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would suggest a potential upside of 14.52% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price objective on Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. 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 report on Wednesday, March 20th. The Goldman Sachs Group upped their target price on Atmus Filtration Technologies from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $32.67.

Atmus Filtration Technologies Trading Up 0.0 %

Shares of Atmus Filtration Technologies stock traded up $0.01 on Wednesday, reaching $32.31. The company had a trading volume of 729,681 shares, compared to its average volume of 3,209,255. 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 firm’s 50-day moving average price is $26.87 and its two-hundred day moving average price is $23.57. Atmus Filtration Technologies has a 1 year low of $18.21 and a 1 year high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last announced its 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 firm had revenue of $399.70 million during the quarter, compared to analysts’ expectations of $384.55 million. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, research analysts anticipate that Atmus Filtration Technologies will post 2.23 earnings per share for the current year.

Institutional Trading of Atmus Filtration Technologies

A number of hedge funds have recently modified their holdings of ATMU. GAMMA Investing LLC boosted 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 buying an additional 442 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Atmus Filtration Technologies in the third quarter worth about $48,000. Tower Research Capital LLC TRC purchased a new position in Atmus Filtration Technologies during the second quarter worth approximately $60,000. Strs Ohio acquired a new stake in Atmus Filtration Technologies in the third quarter valued at approximately $72,000. Finally, New York State Common Retirement Fund purchased a new stake in shares of Atmus Filtration Technologies in the third quarter valued at approximately $73,000. Hedge funds and other institutional investors own 32.73% of the company’s stock.

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.