Atmus Filtration Technologies Inc. (NYSE:ATMU – Get Free Report) has been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $26.40.
A number of equities research analysts recently issued reports on ATMU shares. JPMorgan Chase & Co. reduced their target price on Atmus Filtration Technologies from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. Wells Fargo & Company upped their target price on shares of Atmus Filtration Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Tuesday, December 19th. Finally, Northland Securities started coverage on shares of Atmus Filtration Technologies in a research report on Wednesday, January 24th. They issued a “market perform” rating and a $26.00 price objective for the company.
Atmus Filtration Technologies Stock Performance
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last announced its earnings results on Friday, November 3rd. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. The business had revenue of $396.20 million during the quarter, compared to analysts’ expectations of $390.93 million. Atmus Filtration Technologies had a return on equity of 79.43% and a net margin of 10.67%. The company’s revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Atmus Filtration Technologies will post 2.24 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Stephen E. Macadam acquired 5,200 shares of the stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $19.49 per share, for a total transaction of $101,348.00. Following the transaction, the director now owns 19,268 shares in the company, valued at approximately $375,533.32. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Hedge Funds Weigh In On Atmus Filtration Technologies
A number of institutional investors have recently modified their holdings of ATMU. Cambiar Investors LLC acquired a new stake in Atmus Filtration Technologies during the third quarter worth $1,972,000. ExodusPoint Capital Management LP bought a new position in shares of Atmus Filtration Technologies in the second quarter valued at about $3,780,000. Maven Securities LTD bought a new stake in Atmus Filtration Technologies during the 2nd quarter worth about $1,098,000. Strs Ohio bought a new stake in Atmus Filtration Technologies during the 3rd quarter worth about $72,000. Finally, Raymond James & Associates bought a new stake in Atmus Filtration Technologies during the 2nd quarter worth about $267,000. Institutional investors own 20.68% of the company’s stock.
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. It offers fuel filters, lube filters, air filters, crankcase ventilation, hydraulic filters, and coolants, as well as fuel additives.
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