Atmus Filtration Technologies (NYSE:ATMU) Stock Rating Lowered by Wall Street Zen

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

A number of other equities research analysts have also weighed in on ATMU. Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Zacks Research upgraded Atmus Filtration Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Finally, Wells Fargo & Company raised their target price on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Atmus Filtration Technologies Price Performance

Shares of ATMU opened at $56.82 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. The stock has a market cap of $4.63 billion, a PE ratio of 23.68, a PEG ratio of 3.50 and a beta of 1.57. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $57.85. The business has a 50-day simple moving average of $51.88 and a two-hundred day simple moving average of $46.11.

Atmus Filtration Technologies (NYSE:ATMU) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.69 EPS 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 firm had revenue of $447.70 million for the quarter, compared to analyst estimates of $415.02 million. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Atmus Filtration Technologies has set its FY 2025 guidance at 2.500-2.650 EPS. 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Channing Capital Management LLC increased its holdings in Atmus Filtration Technologies by 3,192.8% in the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company’s stock worth $77,330,000 after purchasing an additional 1,662,931 shares in the last quarter. Eminence Capital LP boosted its holdings in shares of Atmus Filtration Technologies by 12.0% during the 2nd quarter. Eminence Capital LP now owns 6,448,993 shares of the company’s stock worth $234,872,000 after buying an additional 691,939 shares in the last quarter. First Trust Advisors LP grew its position in shares of Atmus Filtration Technologies by 49.1% during the 3rd quarter. First Trust Advisors LP now owns 1,527,957 shares of the company’s stock worth $68,896,000 after buying an additional 503,383 shares during the period. Port Capital LLC bought a new stake in shares of Atmus Filtration Technologies in the 3rd quarter valued at $19,409,000. Finally, Geode Capital Management LLC increased its stake 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 valued at $86,154,000 after acquiring an additional 407,484 shares in the last quarter. Institutional investors own 32.73% of the company’s stock.

Atmus Filtration Technologies Company Profile

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.