Atmus Filtration Technologies (NYSE:ATMU) Shares Gap Up to $29.16

Atmus Filtration Technologies Inc. (NYSE:ATMU) gapped up prior to trading on Friday . The stock had previously closed at $29.16, but opened at $29.92. Atmus Filtration Technologies shares last traded at $29.58, with a volume of 103,009 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ATMU. The Goldman Sachs Group lifted their price objective on shares of Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Wells Fargo & Company decreased their target price on shares of Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, Northland Securities raised shares of Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Wednesday, March 20th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Atmus Filtration Technologies presently has a consensus rating of “Buy” and an average price target of $35.80.

Atmus Filtration Technologies Stock Performance

The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 3.43 and a beta of 1.76. The stock has a 50 day moving average of $29.25 and a 200 day moving average of $27.10. The company has a quick ratio of 1.27, a current ratio of 2.00 and a debt-to-equity ratio of 4.83.

Atmus Filtration Technologies (NYSE:ATMU) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $426.60 million during the quarter, compared to the consensus estimate of $416.18 million. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts anticipate that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP grew its holdings in shares of Atmus Filtration Technologies by 11.3% during the third quarter. Wellington Management Group LLP now owns 767,331 shares of the company’s stock worth $15,999,000 after purchasing an additional 77,917 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Atmus Filtration Technologies during the third quarter worth about $344,000. Vanguard Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 73.5% during the third quarter. Vanguard Group Inc. now owns 1,664,828 shares of the company’s stock worth $34,712,000 after purchasing an additional 705,018 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Atmus Filtration Technologies during the fourth quarter worth about $144,000. Finally, Raymond James & Associates grew its holdings in shares of Atmus Filtration Technologies by 13.1% during the fourth quarter. Raymond James & Associates now owns 15,352 shares of the company’s stock worth $361,000 after purchasing an additional 1,783 shares during the last quarter. Institutional investors and hedge funds 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.