Atmus Filtration Technologies (NYSE:ATMU) Price Target Increased to $49.00 by Analysts at Northland Securities

Atmus Filtration Technologies (NYSE:ATMU) had its price objective lifted by Northland Securities from $38.00 to $49.00 in a research report report published on Tuesday, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Robert W. Baird lifted their target price on shares of Atmus Filtration Technologies from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Finally, Wells Fargo & Company raised their price target on Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $42.80.

Atmus Filtration Technologies Stock Down 0.5 %

NYSE:ATMU opened at $39.78 on Tuesday. Atmus Filtration Technologies has a 1-year low of $18.21 and a 1-year high of $40.29. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 4.40 and a beta of 1.75. The company has a current ratio of 2.07, a quick ratio of 1.30 and a debt-to-equity ratio of 3.28. The business’s fifty day moving average price is $35.75 and its 200 day moving average price is $32.12.

Atmus Filtration Technologies (NYSE:ATMU) last issued its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The company had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. On average, sell-side analysts forecast that Atmus Filtration Technologies will post 2.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gretchen R. Haggerty purchased 5,849 shares of Atmus Filtration Technologies stock in a transaction on Friday, August 23rd. The stock was bought at an average price of $34.20 per share, with a total value of $200,035.80. Following the completion of the transaction, the director now directly owns 19,882 shares of the company’s stock, valued at approximately $679,964.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Gretchen R. Haggerty purchased 5,849 shares of the stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the acquisition, the director now directly owns 19,882 shares in the company, valued at approximately $679,964.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen E. Macadam acquired 8,250 shares of Atmus Filtration Technologies stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $31.56 per share, with a total value of $260,370.00. Following the completion of the purchase, the director now directly owns 32,083 shares of the company’s stock, valued at $1,012,539.48. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Atmus Filtration Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Investment Research & Advisory Group Inc. acquired a new position in shares of Atmus Filtration Technologies during the 1st quarter worth about $26,000. GAMMA Investing LLC lifted its holdings in shares of Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock worth $28,000 after buying an additional 442 shares during the last quarter. Evermay Wealth Management LLC bought a new stake in shares of Atmus Filtration Technologies in the first quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of Atmus Filtration Technologies in the second quarter valued at approximately $29,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Atmus Filtration Technologies in the second quarter worth $68,000. 32.73% of the stock is owned by institutional investors and hedge funds.

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.