Atmus Filtration Technologies (NYSE:ATMU) Downgraded by Wells Fargo & Company to “Equal Weight”

Atmus Filtration Technologies (NYSE:ATMU) was downgraded by equities researchers at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Monday, MarketBeat reports. They currently have a $45.00 price target on the stock, up from their previous price target of $42.00. Wells Fargo & Company‘s price objective suggests a potential upside of 5.73% from the company’s current price.

Several other equities research analysts have also commented on ATMU. JPMorgan Chase & Co. upped their target price on Atmus Filtration Technologies from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Northland Securities increased their price target on Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, Robert W. Baird lifted their price objective on shares of Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Atmus Filtration Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.80.

Atmus Filtration Technologies Stock Up 0.4 %

Atmus Filtration Technologies stock opened at $42.56 on Monday. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 5.05 and a beta of 1.68. Atmus Filtration Technologies has a 52-week low of $19.04 and a 52-week high of $44.66. The company has a debt-to-equity ratio of 3.28, a quick ratio of 1.30 and a current ratio of 2.07. The firm has a 50 day moving average price of $37.85 and a two-hundred day moving average price of $33.07.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results on Friday, November 8th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The business had revenue of $404.00 million during the quarter, compared to the consensus estimate of $403.40 million. Atmus Filtration Technologies had a net margin of 10.52% and a return on equity of 187.12%. Atmus Filtration Technologies’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. Equities analysts predict that Atmus Filtration Technologies will post 2.34 EPS for the current year.

Insider Buying and Selling at Atmus Filtration Technologies

In other news, Director Gretchen R. Haggerty bought 5,849 shares of the business’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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ATMU. ProShare Advisors LLC increased its holdings in Atmus Filtration Technologies by 3.1% during the 2nd quarter. ProShare Advisors LLC now owns 11,282 shares of the company’s stock worth $325,000 after purchasing an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Atmus Filtration Technologies by 2.8% during the second quarter. Crossmark Global Holdings Inc. now owns 12,999 shares of the company’s stock valued at $374,000 after buying an additional 355 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Atmus Filtration Technologies by 4.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 14,256 shares of the company’s stock worth $535,000 after buying an additional 626 shares in the last quarter. KBC Group NV raised its position in Atmus Filtration Technologies by 42.1% in the 3rd quarter. KBC Group NV now owns 2,424 shares of the company’s stock valued at $91,000 after buying an additional 718 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Atmus Filtration Technologies by 89.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,641 shares of the company’s stock valued at $62,000 after acquiring an additional 774 shares in the last quarter. Institutional investors and hedge funds 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.