Atmus Filtration Technologies (NYSE:ATMU) Reaches New 1-Year High Following Analyst Upgrade

Atmus Filtration Technologies Inc. (NYSE:ATMU) shares reached a new 52-week high on Wednesday after Robert W. Baird raised their price target on the stock from $37.00 to $42.00. Robert W. Baird currently has an outperform rating on the stock. Atmus Filtration Technologies traded as high as $40.15 and last traded at $40.00, with a volume of 221720 shares trading hands. The stock had previously closed at $39.16.

ATMU has been the topic of a number of other reports. Northland Securities boosted their target price on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of 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 boosted their target price on shares of Atmus Filtration Technologies from $36.00 to $42.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Atmus Filtration Technologies currently has an average rating of “Buy” and a consensus target price of $42.80.

Insider Activity at Atmus Filtration Technologies

In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty purchased 5,849 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the purchase, the director now owns 19,882 shares of the company’s stock, valued at $679,964.40. This 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 the SEC website. In other Atmus Filtration Technologies news, Director Gretchen R. Haggerty purchased 5,849 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average cost of $34.20 per share, for a total transaction of $200,035.80. Following the purchase, the director now owns 19,882 shares of the company’s stock, valued at $679,964.40. This 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 the SEC website. Also, Director Stephen E. Macadam purchased 8,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the completion of the purchase, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by corporate insiders.

Institutional Trading of Atmus Filtration Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Investment Research & Advisory Group Inc. bought a new stake in Atmus Filtration Technologies during the 1st quarter worth approximately $26,000. GAMMA Investing LLC increased its holdings in shares of Atmus Filtration Technologies by 103.8% in the 1st 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 position in shares of Atmus Filtration Technologies in the 1st quarter worth $29,000. Quarry LP bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter worth $29,000. Finally, Rothschild Investment LLC bought a new position in shares of Atmus Filtration Technologies in the 2nd quarter worth $68,000. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Stock Up 2.1 %

The stock’s fifty day moving average price is $35.60 and its 200 day moving average price is $32.06. The stock has a market cap of $3.33 billion, a P/E ratio of 20.41, a price-to-earnings-growth 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.

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

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.