Atmus Filtration Technologies (NYSE:ATMU) Given New $34.00 Price Target at The Goldman Sachs Group

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

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Atmus Filtration Technologies from $24.00 to $28.00 and gave the stock an overweight rating in a report on Tuesday, December 19th. Northland Securities raised shares of Atmus Filtration Technologies from a market perform rating to an outperform rating and set a $34.00 price objective on the stock in a report on Wednesday, March 20th. JPMorgan Chase & Co. raised their price objective on shares of Atmus Filtration Technologies from $36.00 to $38.00 and gave the stock an overweight rating in a report on Monday, April 15th. Finally, Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $28.00 to $29.00 and gave the company an outperform rating in a report on Thursday, February 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Atmus Filtration Technologies currently has an average rating of Buy and a consensus target price of $32.67.

Atmus Filtration Technologies Stock Performance

Shares of Atmus Filtration Technologies stock opened at $30.87 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 7.34. Atmus Filtration Technologies has a 52-week low of $18.21 and a 52-week high of $33.70. The company has a 50 day moving average of $27.44 and a 200 day moving average of $23.76.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 135.12%. The company had revenue of $399.70 million for the quarter, compared to analysts’ expectations of $384.55 million. The company’s revenue was up 3.8% on a year-over-year basis. On average, research analysts predict that Atmus Filtration Technologies will post 2.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. grew its position in Atmus Filtration Technologies by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 2,602,746 shares of the company’s stock valued at $61,139,000 after buying an additional 29,568 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Atmus Filtration Technologies by 0.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,946,220 shares of the company’s stock valued at $45,717,000 after buying an additional 13,120 shares during the last quarter. Weiss Asset Management LP grew its position in Atmus Filtration Technologies by 5.6% in the 4th quarter. Weiss Asset Management LP now owns 1,931,182 shares of the company’s stock valued at $45,363,000 after buying an additional 102,479 shares during the last quarter. Vanguard Group Inc. grew its position in Atmus Filtration Technologies by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 1,732,250 shares of the company’s stock valued at $40,691,000 after buying an additional 67,422 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Atmus Filtration Technologies in the 2nd quarter valued at $34,697,000. 32.73% of the stock is owned by institutional investors and hedge funds.

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.