Atmus Filtration Technologies (NYSE:ATMU) Downgraded to Buy Rating by Wall Street Zen

Atmus Filtration Technologies (NYSE:ATMU) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other brokerages also recently commented on ATMU. JPMorgan Chase & Co. boosted their price objective on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Robert W. Baird boosted their price objective on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, September 18th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $45.55 on Friday. The company’s 50 day moving average price is $45.09 and its 200 day moving average price is $40.07. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $47.87. The company has a market capitalization of $3.74 billion, a PE ratio of 20.15, a PEG ratio of 5.61 and a beta of 1.63. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.43 and a current ratio of 2.15.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $433.51 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. Research analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Institutional Trading of Atmus Filtration Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd lifted its stake in shares of Atmus Filtration Technologies by 49.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 87,051 shares of the company’s stock worth $3,925,000 after buying an additional 28,721 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Atmus Filtration Technologies by 48.5% in the third quarter. Teacher Retirement System of Texas now owns 559,122 shares of the company’s stock worth $25,211,000 after buying an additional 182,568 shares during the last quarter. Strs Ohio lifted its stake in shares of Atmus Filtration Technologies by 53.8% in the third quarter. Strs Ohio now owns 4,000 shares of the company’s stock worth $180,000 after buying an additional 1,400 shares during the last quarter. Vest Financial LLC lifted its stake in shares of Atmus Filtration Technologies by 74.3% in the third quarter. Vest Financial LLC now owns 98,317 shares of the company’s stock worth $4,433,000 after buying an additional 41,906 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Atmus Filtration Technologies by 2.1% in the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock worth $626,000 after buying an additional 285 shares during the last quarter. 32.73% of the stock is currently owned by institutional investors and hedge funds.

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.