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

Key Points

• Atmus Filtration Technologies received a "Buy (B-)" rating from Weiss Ratings, reflecting positive sentiment from analysts regarding its stock performance.
• Recent reports indicate that investment firms have raised their price targets for the stock, with JPMorgan Chase and Wells Fargo adjusting their targets to $47.00 and $47.00 respectively, suggesting continued investor interest.
• In its latest earnings report, Atmus reported an EPS of $0.75, exceeding estimates, with year-over-year revenue growth of 4.8%, indicating strong performance in a competitive market.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Several other research firms have also recently issued reports on ATMU. Wall Street Zen raised shares of Atmus Filtration Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 20th. JPMorgan Chase & Co. raised their target price on shares of Atmus Filtration Technologies from $46.00 to $47.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 14th. Robert W. Baird raised their target price on shares of Atmus Filtration Technologies from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Finally, Wells Fargo & Company lifted their price target on shares of Atmus Filtration Technologies from $42.00 to $47.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $45.60.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock traded up $0.14 during mid-day trading on Friday, reaching $45.83. 262,020 shares of the stock traded hands, compared to its average volume of 769,707. The stock has a market capitalization of $3.76 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 5.34 and a beta of 1.63. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.15 and a quick ratio of 1.43. Atmus Filtration Technologies has a 12-month low of $30.94 and a 12-month high of $47.10. The business's 50-day moving average is $44.75 and its 200-day moving average is $39.50.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $453.50 million during the quarter, compared to analysts' expectations of $433.51 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Atmus Filtration Technologies's revenue for the quarter was up 4.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2025 guidance at 2.400-2.600 EPS. As a group, sell-side analysts predict that Atmus Filtration Technologies will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nuveen LLC bought a new stake in Atmus Filtration Technologies in the 1st quarter valued at $48,966,000. Eminence Capital LP increased its position in Atmus Filtration Technologies by 25.4% in the 1st 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 in the last quarter. Invesco Ltd. increased its position in Atmus Filtration Technologies by 84.8% in the 1st quarter. Invesco Ltd. now owns 2,157,850 shares of the company's stock valued at $79,258,000 after acquiring an additional 990,468 shares in the last quarter. Wellington Management Group LLP increased its position in Atmus Filtration Technologies by 24.5% in 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 in the last quarter. Finally, First Trust Advisors LP increased its position in Atmus Filtration Technologies by 73.2% in the 2nd quarter. First Trust Advisors LP now owns 1,024,574 shares of the company's stock valued at $37,315,000 after acquiring an additional 433,166 shares in the last quarter. 32.73% of the stock is currently 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.

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