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

by · The Markets Daily

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

Several other equities research analysts have also weighed in on ATMU. JPMorgan Chase & Co. upgraded shares of Atmus Filtration Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $53.00 to $60.00 in a research note on Wednesday, November 26th. Wells Fargo & Company increased their price target 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $49.00.

View Our Latest Analysis on ATMU

Atmus Filtration Technologies Stock Performance

Shares of ATMU opened at $52.68 on Friday. The stock has a market capitalization of $4.29 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 3.49 and a beta of 1.57. The business’s fifty day moving average price is $49.60 and its 200 day moving average price is $44.32. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $54.84.

Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last issued its earnings results on Friday, November 7th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Atmus Filtration Technologies had a net margin of 11.57% and a return on equity of 76.84%. The company had revenue of $447.70 million for the quarter, compared to analysts’ expectations of $415.02 million. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s 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. Equities research analysts forecast that Atmus Filtration Technologies will post 2.52 EPS for the current year.

Institutional Trading of Atmus Filtration Technologies

Several large investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL acquired a new position in Atmus Filtration Technologies during the 3rd quarter worth $1,278,000. CIBC Bancorp USA Inc. acquired a new position in shares of Atmus Filtration Technologies during the third quarter valued at $402,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Atmus Filtration Technologies by 2.8% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 94,200 shares of the company’s stock valued at $4,247,000 after purchasing an additional 2,600 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in Atmus Filtration Technologies by 62.8% in the third quarter. Dark Forest Capital Management LP now owns 125,436 shares of the company’s stock worth $5,656,000 after purchasing an additional 48,382 shares during the period. Finally, Voloridge Investment Management LLC lifted its holdings in Atmus Filtration Technologies by 17.9% in the third quarter. Voloridge Investment Management LLC now owns 236,026 shares of the company’s stock worth $10,642,000 after purchasing an additional 35,895 shares during the period. 32.73% of the stock is currently owned by institutional investors and hedge funds.

Atmus Filtration Technologies Company Profile

(Get Free Report)

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.

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