Atmus Filtration Technologies (NYSE:ATMU) Shares Gap Up to $29.16

Atmus Filtration Technologies Inc. (NYSE:ATMU) gapped up before the market opened on Friday . The stock had previously closed at $29.16, but opened at $29.92. Atmus Filtration Technologies shares last traded at $29.58, with a volume of 103,009 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on Atmus Filtration Technologies from $30.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Robert W. Baird lifted their price target on Atmus Filtration Technologies from $29.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. lifted their price target on Atmus Filtration Technologies from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Northland Securities upgraded Atmus Filtration Technologies from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research report on Wednesday, March 20th. Finally, Wells Fargo & Company lowered their price objective on Atmus Filtration Technologies from $37.00 to $36.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $35.80.

Atmus Filtration Technologies Stock Up 1.0 %

The stock has a 50 day simple moving average of $29.25 and a 200-day simple moving average of $27.10. The firm has a market cap of $2.45 billion, a PE ratio of 14.88, a PEG ratio of 3.43 and a beta of 1.76. The company has a debt-to-equity ratio of 4.83, a current ratio of 2.00 and a quick ratio of 1.27.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Atmus Filtration Technologies had a return on equity of 314.52% and a net margin of 10.03%. The business had revenue of $426.60 million during the quarter, compared to analysts’ expectations of $416.18 million. The business’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that Atmus Filtration Technologies Inc. will post 2.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Investment Research & Advisory Group Inc. purchased a new stake in Atmus Filtration Technologies during the first quarter valued at $26,000. GAMMA Investing LLC increased its position in Atmus Filtration Technologies by 103.8% during the first quarter. GAMMA Investing LLC now owns 868 shares of the company’s stock valued at $28,000 after acquiring an additional 442 shares during the last quarter. Evermay Wealth Management LLC purchased a new stake in Atmus Filtration Technologies during the first quarter valued at $29,000. Global Retirement Partners LLC purchased a new stake in Atmus Filtration Technologies during the first quarter valued at $32,000. Finally, CVA Family Office LLC purchased a new stake in Atmus Filtration Technologies during the first quarter valued at $85,000. Hedge funds and other 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.