Atmus Filtration Technologies (NYSE:ATMU) Rating Lowered to “Hold” at Zacks Research

Atmus Filtration Technologies (NYSE:ATMU) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on Atmus Filtration Technologies from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company decreased their target price on Atmus Filtration Technologies from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Citigroup restated an “outperform” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, February 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. Finally, Robert W. Baird lowered their target price on shares of Atmus Filtration Technologies from $69.00 to $66.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $58.25.

Atmus Filtration Technologies Stock Performance

Atmus Filtration Technologies stock opened at $60.39 on Monday. The company has a market capitalization of $4.93 billion, a P/E ratio of 24.16, a PEG ratio of 2.59 and a beta of 1.58. The company has a quick ratio of 1.66, a current ratio of 2.42 and a debt-to-equity ratio of 1.43. The stock’s 50 day moving average is $60.37 and its 200 day moving average is $53.44. Atmus Filtration Technologies has a twelve month low of $31.17 and a twelve month high of $66.50.

Atmus Filtration Technologies (NYSE:ATMU) last released its quarterly earnings data on Friday, February 13th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. The business had revenue of $446.60 million for the quarter, compared to analysts’ expectations of $422.25 million. Atmus Filtration Technologies had a return on equity of 69.78% and a net margin of 11.76%.The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, equities research analysts predict that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atmus Filtration Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in ATMU. Channing Capital Management LLC boosted its holdings in shares of 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 buying an additional 1,662,931 shares during the last quarter. Boston Trust Walden Corp purchased a new position in shares of Atmus Filtration Technologies in the fourth quarter worth approximately $44,304,000. Eminence Capital LP boosted its holdings in shares of Atmus Filtration Technologies by 12.0% in the second 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 during the last quarter. First Trust Advisors LP boosted its holdings in shares of Atmus Filtration Technologies by 39.5% in the fourth quarter. First Trust Advisors LP now owns 2,131,911 shares of the company’s stock worth $110,668,000 after buying an additional 603,954 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Atmus Filtration Technologies by 14.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,677,884 shares of the company’s stock worth $242,830,000 after buying an additional 596,553 shares during the last quarter. Hedge funds and other 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.