The Goldman Sachs Group Boosts Atmus Filtration Technologies (NYSE:ATMU) Price Target to $34.00

Atmus Filtration Technologies (NYSE:ATMU) had its target price upped by The Goldman Sachs Group from $30.00 to $34.00 in a report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. increased their price target on Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an overweight rating in a research note on Monday. 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. Robert W. Baird raised their price objective on Atmus Filtration Technologies from $28.00 to $29.00 and gave the company an outperform rating in a research report on Thursday, February 15th. Finally, Wells Fargo & Company raised their price objective on Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an overweight rating in a research report on Tuesday, December 19th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Atmus Filtration Technologies currently has an average rating of Buy and an average price target of $32.67.

Atmus Filtration Technologies Trading Down 3.4 %

Shares of ATMU stock opened at $31.09 on Tuesday. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $33.70. 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 has a fifty day simple moving average of $27.26 and a two-hundred day simple moving average of $23.68.

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, 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 business had revenue of $399.70 million during the quarter, compared to analyst estimates of $384.55 million. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts forecast that Atmus Filtration Technologies will post 2.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atmus Filtration Technologies by 99.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 973,246 shares of the company’s stock valued at $31,387,000 after acquiring an additional 484,420 shares during the last quarter. Deltec Asset Management LLC bought a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at about $1,290,000. Investment Research & Advisory Group Inc. bought a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at about $26,000. CVA Family Office LLC bought a new position in shares of Atmus Filtration Technologies in the 1st quarter valued at about $85,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Atmus Filtration Technologies by 103.8% in the 1st quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after acquiring an additional 442 shares during the last quarter. 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.