Atmus Filtration Technologies (NYSE:ATMU) Earns "Buy (B-)" Rating from Weiss Ratings

Key Points

• Atmus Filtration Technologies received a "Buy (B-)" rating from Weiss Ratings, while Wall Street Zen upgraded its rating from "buy" to "strong-buy."
• The stock's target price was raised by multiple analysts, with Robert W. Baird setting it at $45.00 and Wells Fargo increasing it to $47.00.
• Atmus reported a Q2 earnings per share (EPS) of $0.75, exceeding estimates and indicating a year-over-year revenue increase of 4.8% to $453.50 million.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report)'s stock had its "buy (b-)" rating restated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Other equities analysts have also issued reports about the company. Wall Street Zen raised Atmus Filtration Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 20th. Robert W. Baird upped their target price on Atmus Filtration Technologies from $41.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, August 11th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $46.00 target price (up from $44.00) on shares of Atmus Filtration Technologies in a research report on Wednesday, August 20th. Finally, Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an "equal weight" rating in a report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $45.40.

Atmus Filtration Technologies Trading Up 1.6%

ATMU stock traded up $0.72 during trading on Wednesday, hitting $44.84. The company had a trading volume of 526,468 shares, compared to its average volume of 782,692. The business has a 50-day moving average of $43.82 and a 200-day moving average of $38.88. Atmus Filtration Technologies has a one year low of $30.94 and a one year high of $47.10. The stock has a market cap of $3.68 billion, a PE ratio of 19.84, a PEG ratio of 5.31 and a beta of 1.63. The company has a current ratio of 2.15, a quick ratio of 1.43 and a debt-to-equity ratio of 1.75.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Atmus Filtration Technologies had a return on equity of 83.23% and a net margin of 11.22%.The business had revenue of $453.50 million for the quarter, compared to analysts' expectations of $433.51 million. During the same period in the prior year, the business 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 predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Eminence Capital LP boosted its stake in Atmus Filtration Technologies by 12.0% in the 2nd quarter. Eminence Capital LP now owns 6,448,993 shares of the company's stock worth $234,872,000 after purchasing an additional 691,939 shares during the period. Wellington Management Group LLP boosted its position in shares of Atmus Filtration Technologies by 24.5% during the 1st quarter. Wellington Management Group LLP now owns 2,425,657 shares of the company's stock valued at $89,094,000 after acquiring an additional 478,018 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Atmus Filtration Technologies by 20.8% during 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 during the last quarter. Invesco Ltd. boosted its position in shares of Atmus Filtration Technologies by 1.5% during the 2nd quarter. Invesco Ltd. now owns 2,189,677 shares of the company's stock valued at $79,748,000 after acquiring an additional 31,827 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Atmus Filtration Technologies by 0.7% during the 2nd quarter. State Street Corp now owns 1,953,607 shares of the company's stock valued at $71,150,000 after acquiring an additional 14,269 shares during the last quarter. Institutional investors own 32.73% of the company's stock.

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.

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