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

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

A number of other analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Wells Fargo & Company raised their target price on Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Robert W. Baird boosted their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Atmus Filtration Technologies from $47.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.25.

Atmus Filtration Technologies Trading Down 2.2%

NYSE ATMU opened at $47.62 on Friday. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $51.84. The firm has a 50 day moving average of $45.70 and a two-hundred day moving average of $41.06. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $3.88 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.19 and a beta of 1.62.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.08. The business had revenue of $447.70 million during the quarter, compared to analysts’ expectations of $415.02 million. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. As a group, research analysts expect that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Several large investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of Atmus Filtration Technologies by 143.1% in the 1st quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after acquiring an additional 412 shares during the period. SouthState Corp purchased a new position in Atmus Filtration Technologies during the 1st quarter worth $27,000. Bessemer Group Inc. grew its position in Atmus Filtration Technologies by 31.4% during 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 during the last quarter. Geneos Wealth Management Inc. increased its stake in Atmus Filtration Technologies by 93.6% in the second quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after purchasing an additional 644 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Atmus Filtration Technologies by 54.8% in the second quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock valued at $90,000 after purchasing an additional 875 shares during the period. 32.73% of the stock is owned by institutional investors and hedge funds.

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.