Atmus Filtration Technologies (NYSE:ATMU) Price Target Cut to $45.00 by Analysts at Robert W. Baird

Atmus Filtration Technologies (NYSE:ATMU) had its price target reduced by Robert W. Baird from $46.00 to $45.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Robert W. Baird’s price objective suggests a potential upside of 19.19% from the company’s current price.

A number of other equities research analysts have also commented on ATMU. Northland Securities upped their price objective on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.20.

Atmus Filtration Technologies Stock Performance

NYSE ATMU opened at $37.76 on Monday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 4.14 and a beta of 1.80. Atmus Filtration Technologies has a twelve month low of $22.30 and a twelve month high of $45.43. The stock has a fifty day simple moving average of $40.35 and a 200 day simple moving average of $39.03. The company has a quick ratio of 1.35, a current ratio of 2.11 and a debt-to-equity ratio of 2.61.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly 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. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The company had revenue of $406.70 million during the quarter, compared to analysts’ expectations of $399.24 million. Sell-side analysts expect that Atmus Filtration Technologies will post 2.45 EPS for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new position in Atmus Filtration Technologies during the 4th quarter worth approximately $26,000. New Age Alpha Advisors LLC acquired a new position in shares of Atmus Filtration Technologies during the fourth quarter worth approximately $32,000. Nisa Investment Advisors LLC raised its position in shares of Atmus Filtration Technologies by 333.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,139 shares of the company’s stock worth $45,000 after purchasing an additional 876 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Atmus Filtration Technologies by 295.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Quarry LP grew its position in Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock valued at $78,000 after purchasing an additional 827 shares during the period. Institutional investors 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.