JPMorgan Chase & Co. Lowers Atmus Filtration Technologies (NYSE:ATMU) Price Target to $44.00

Atmus Filtration Technologies (NYSE:ATMU) had its price target decreased by analysts at JPMorgan Chase & Co. from $46.00 to $44.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 18.93% from the stock’s previous close.

Several other research firms have also recently weighed in on ATMU. Wells Fargo & Company cut their price target on shares of Atmus Filtration Technologies from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Monday, February 24th. Robert W. Baird cut their price target on shares of Atmus Filtration Technologies from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Atmus Filtration Technologies has an average rating of “Moderate Buy” and a consensus price target of $42.40.

Atmus Filtration Technologies Trading Up 0.6 %

NYSE:ATMU opened at $37.00 on Tuesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.11 and a quick ratio of 1.35. The firm has a 50-day moving average of $39.87 and a 200-day moving average of $39.52. The company has a market cap of $3.07 billion, a PE ratio of 16.74, a PEG ratio of 3.99 and a beta of 1.83. Atmus Filtration Technologies has a one year low of $25.51 and a one year high of $45.43.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, February 21st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Atmus Filtration Technologies had a net margin of 11.12% and a return on equity of 120.81%. The company had revenue of $406.70 million during the quarter, compared to the consensus estimate of $399.24 million. As a group, equities research analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Atmus Filtration Technologies by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 286,098 shares of the company’s stock valued at $10,737,000 after acquiring an additional 21,687 shares during the last quarter. Algert Global LLC boosted its stake in Atmus Filtration Technologies by 516.7% in the third quarter. Algert Global LLC now owns 161,513 shares of the company’s stock valued at $6,062,000 after acquiring an additional 135,325 shares during the last quarter. Atom Investors LP raised its position in shares of Atmus Filtration Technologies by 24.3% in the third quarter. Atom Investors LP now owns 103,441 shares of the company’s stock valued at $3,882,000 after purchasing an additional 20,201 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Atmus Filtration Technologies by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 713,143 shares of the company’s stock valued at $26,764,000 after purchasing an additional 39,114 shares during the period. Finally, Eagle Asset Management Inc. bought a new stake in Atmus Filtration Technologies during the 3rd quarter worth approximately $21,635,000. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

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.