Atmus Filtration Technologies (NYSE:ATMU) Stock Price Expected to Rise, Northland Securities Analyst Says

Atmus Filtration Technologies (NYSE:ATMU) had its price objective raised by equities researchers at Northland Securities from $49.00 to $50.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Northland Securities’ price target would indicate a potential upside of 16.99% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Wells Fargo & Company downgraded shares of Atmus Filtration Technologies from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $42.00 to $45.00 in a research report on Monday. Finally, Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $44.80.

Atmus Filtration Technologies Price Performance

Atmus Filtration Technologies stock traded up $0.37 during mid-day trading on Tuesday, hitting $42.74. 284,885 shares of the company traded hands, compared to its average volume of 1,840,544. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 5.05 and a beta of 1.68. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. Atmus Filtration Technologies has a one year low of $19.04 and a one year high of $44.66. The stock has a fifty day moving average price of $37.85 and a 200-day moving average price of $33.07.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly 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 10.52% and a return on equity of 187.12%. The company had revenue of $404.00 million during the quarter, compared to analyst estimates of $403.40 million. During the same period in the prior year, the business posted $0.52 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Atmus Filtration Technologies will post 2.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gretchen R. Haggerty purchased 5,849 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the transaction, the director now directly owns 19,882 shares in the company, valued at $679,964.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.43% of the stock is currently owned by insiders.

Institutional Trading of Atmus Filtration Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ATMU. Vanguard Group Inc. lifted its position in shares of Atmus Filtration Technologies by 366.5% during the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company’s stock worth $260,601,000 after purchasing an additional 6,348,391 shares during the last quarter. Boston Partners purchased a new position in shares of Atmus Filtration Technologies during the first quarter valued at $27,102,000. Bayberry Capital Partners LP purchased a new position in Atmus Filtration Technologies in the first quarter valued at about $25,800,000. Renaissance Technologies LLC purchased a new stake in Atmus Filtration Technologies in the second quarter valued at approximately $17,743,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Atmus Filtration Technologies by 38.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company’s stock worth $67,355,000 after purchasing an additional 583,078 shares in 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.