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

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

Several other equities research analysts have also recently weighed in on the company. Wells Fargo & Company upped their target price on Atmus Filtration Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 19th. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday. 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 research note on Tuesday. Finally, Northland Securities upgraded Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target for the company in a research note on Wednesday, March 20th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Atmus Filtration Technologies currently has a consensus rating of “Buy” and a consensus price target of $32.67.

Atmus Filtration Technologies Stock Up 0.0 %

Shares of ATMU stock traded up $0.01 during trading on Wednesday, hitting $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 current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. The stock’s 50-day moving average price is $26.87 and its 200 day moving average price is $23.57. Atmus Filtration Technologies has a one year low of $18.21 and a one year high of $33.70.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.05. The business had revenue of $399.70 million during the quarter, compared to analysts’ expectations of $384.55 million. Atmus Filtration Technologies had a return on equity of 135.12% and a net margin of 10.52%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts forecast that Atmus Filtration Technologies will post 2.23 EPS for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Atmus Filtration Technologies by 103.8% in the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after purchasing an additional 442 shares during the period. Amalgamated Bank acquired a new stake in Atmus Filtration Technologies in the third quarter valued at $48,000. Tower Research Capital LLC TRC bought a new stake in Atmus Filtration Technologies in the second quarter valued at approximately $60,000. Strs Ohio bought a new position in Atmus Filtration Technologies during the 3rd quarter worth approximately $72,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at $73,000. 32.73% of the stock is currently owned by institutional investors and hedge funds.

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.