JPMorgan Chase & Co. Issues Positive Forecast for Atmus Filtration Technologies (NYSE:ATMU) Stock Price

Atmus Filtration Technologies (NYSE:ATMU) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $44.00 to $46.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 19.71% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Robert W. Baird cut their target price on Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Wells Fargo & Company cut their target price on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Atmus Filtration Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock traded up $0.35 on Thursday, reaching $38.43. 141,930 shares of the company were exchanged, compared to its average volume of 1,023,699. Atmus Filtration Technologies has a 1-year low of $27.62 and a 1-year high of $45.43. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 3.99 and a beta of 1.83. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.35 and a current ratio of 2.11. The company’s 50-day moving average is $39.62 and its two-hundred day moving average is $39.67.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, February 21st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $406.70 million for the quarter, compared to the consensus estimate of $399.24 million. Atmus Filtration Technologies had a return on equity of 120.81% and a net margin of 11.12%. As a group, research analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC acquired a new stake in shares of Atmus Filtration Technologies during the 3rd quarter worth approximately $831,000. Charles Schwab Investment Management Inc. increased its holdings in Atmus Filtration Technologies by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company’s stock valued at $26,764,000 after purchasing an additional 39,114 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Atmus Filtration Technologies by 27.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock valued at $47,537,000 after acquiring an additional 272,890 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Atmus Filtration Technologies by 0.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 41,275 shares of the company’s stock worth $1,549,000 after acquiring an additional 303 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Atmus Filtration Technologies by 18.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 590,100 shares of the company’s stock worth $22,146,000 after acquiring an additional 93,900 shares during the last quarter. Hedge funds and other 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.