Wells Fargo & Company Has Lowered Expectations for Atmus Filtration Technologies (NYSE:ATMU) Stock Price

Atmus Filtration Technologies (NYSE:ATMU) had its target price cut by analysts at Wells Fargo & Company from $45.00 to $40.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 2.56% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Northland Securities boosted their target price on shares of Atmus Filtration Technologies from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird increased their price target on shares of Atmus Filtration Technologies from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.80.

Atmus Filtration Technologies Trading Down 1.1 %

Shares of NYSE:ATMU traded down $0.44 during trading on Tuesday, reaching $39.00. The stock had a trading volume of 55,748 shares, compared to its average volume of 473,927. Atmus Filtration Technologies has a fifty-two week low of $21.09 and a fifty-two week high of $45.43. The business has a fifty day moving average price of $41.16 and a 200-day moving average price of $36.27. The stock has a market cap of $3.24 billion, a P/E ratio of 18.14, a PEG ratio of 4.42 and a beta of 1.80. 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 posted its quarterly earnings data on Friday, November 8th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.09. The business had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $403.40 million. Atmus Filtration Technologies had a return on equity of 134.28% and a net margin of 10.84%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. As a group, analysts anticipate that Atmus Filtration Technologies will post 2.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several institutional investors have recently bought and sold shares of the business. Parsifal Capital Management LP boosted its position in Atmus Filtration Technologies by 2.2% during the 3rd quarter. Parsifal Capital Management LP now owns 2,721,278 shares of the company’s stock worth $102,130,000 after purchasing an additional 58,478 shares during the period. Wellington Management Group LLP boosted its position in shares of Atmus Filtration Technologies by 1.7% in the third quarter. Wellington Management Group LLP now owns 2,517,338 shares of the company’s stock worth $94,476,000 after buying an additional 43,004 shares during the period. American Century Companies Inc. grew its stake in shares of Atmus Filtration Technologies by 2.8% in the second quarter. American Century Companies Inc. now owns 1,981,937 shares of the company’s stock valued at $57,040,000 after buying an additional 54,051 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Atmus Filtration Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,894,740 shares of the company’s stock valued at $71,123,000 after buying an additional 39,710 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Atmus Filtration Technologies by 27.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,266,648 shares of the company’s stock worth $47,537,000 after acquiring an additional 272,890 shares in the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.