Wall Street Zen Upgrades Atmus Filtration Technologies (NYSE:ATMU) to “Strong-Buy”

Atmus Filtration Technologies (NYSE:ATMU) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Several other equities analysts have also weighed in on ATMU. The Goldman Sachs Group lowered shares of Atmus Filtration Technologies from a “buy” rating to a “neutral” rating and set a $39.00 price objective on the stock. in a report on Tuesday, May 27th. Wells Fargo & Company boosted their target price on shares of Atmus Filtration Technologies from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. boosted their target price on shares of Atmus Filtration Technologies from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, Robert W. Baird boosted their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 11th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $42.80.

Atmus Filtration Technologies Price Performance

Shares of NYSE ATMU opened at $43.46 on Friday. The firm’s 50-day moving average price is $38.01 and its 200-day moving average price is $37.39. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $45.92. The firm has a market capitalization of $3.57 billion, a P/E ratio of 19.23, a P/E/G ratio of 5.44 and a beta of 1.64. The company has a current ratio of 2.15, a quick ratio of 1.46 and a debt-to-equity ratio of 1.75.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a net margin of 11.22% and a return on equity of 83.23%. The firm had revenue of $453.50 million for the quarter, compared to analyst estimates of $433.51 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its position in Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock worth $26,000 after purchasing an additional 412 shares in the last quarter. SouthState Corp bought a new stake in Atmus Filtration Technologies in the 1st quarter worth about $27,000. Bessemer Group Inc. grew its position in Atmus Filtration Technologies by 31.4% in the 2nd quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after purchasing an additional 272 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Atmus Filtration Technologies by 295.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,368 shares of the company’s stock worth $54,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Quarry LP grew its position in Atmus Filtration Technologies by 70.9% in the 4th quarter. Quarry LP now owns 1,993 shares of the company’s stock worth $78,000 after purchasing an additional 827 shares in the last quarter. 32.73% of the stock is owned by institutional investors.

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.