Atmus Filtration Technologies (NYSE:ATMU) Upgraded at Wall Street Zen

Atmus Filtration Technologies (NYSE:ATMU) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

ATMU has been the topic of several other reports. Wells Fargo & Company increased their target price on shares of Atmus Filtration Technologies from $47.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. raised shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $53.00 to $60.00 in a report on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Atmus Filtration Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Atmus Filtration Technologies Stock Performance

NYSE:ATMU opened at $53.47 on Friday. The business’s fifty day moving average is $49.44 and its 200 day moving average is $44.15. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 3.49 and a beta of 1.58. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.41 and a current ratio of 2.14. Atmus Filtration Technologies has a 52-week low of $30.94 and a 52-week high of $54.84.

Atmus Filtration Technologies (NYSE:ATMU) last posted its earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Atmus Filtration Technologies had a return on equity of 76.84% and a net margin of 11.57%.The business had revenue of $447.70 million during the quarter, compared to analyst estimates of $415.02 million. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. Research analysts predict that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Atmus Filtration Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Channing Capital Management LLC raised its holdings in shares of Atmus Filtration Technologies by 3,192.8% during the 3rd quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock valued at $77,330,000 after buying an additional 1,662,931 shares in the last quarter. Eminence Capital LP grew its position in Atmus Filtration Technologies by 25.4% during the first quarter. Eminence Capital LP now owns 5,757,054 shares of the company’s stock valued at $211,457,000 after acquiring an additional 1,164,440 shares during the last quarter. First Trust Advisors LP grew its position in Atmus Filtration Technologies by 49.1% during the third quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock valued at $68,896,000 after acquiring an additional 503,383 shares during the last quarter. Port Capital LLC purchased a new position in shares of Atmus Filtration Technologies during the third quarter worth approximately $19,409,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Atmus Filtration Technologies by 20.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,365,362 shares of the company’s stock worth $86,154,000 after acquiring an additional 407,484 shares during the last quarter. 32.73% of the stock is currently owned by hedge funds and other institutional investors.

About Atmus Filtration Technologies

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.