Zacks Research Downgrades Atmus Filtration Technologies (NYSE:ATMU) to Hold

Atmus Filtration Technologies (NYSE:ATMU) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen lowered shares of Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Atmus Filtration Technologies in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Atmus Filtration Technologies from $60.00 to $64.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Wells Fargo & Company upped their target price on Atmus Filtration Technologies from $52.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Atmus Filtration Technologies Price Performance

NYSE:ATMU traded up $0.70 during trading hours on Tuesday, reaching $57.44. 78,501 shares of the company traded hands, compared to its average volume of 454,820. The company has a debt-to-equity ratio of 1.63, a current ratio of 2.14 and a quick ratio of 1.41. The firm’s 50-day moving average is $53.27 and its 200-day moving average is $47.10. The stock has a market cap of $4.68 billion, a P/E ratio of 23.93, a P/E/G ratio of 2.49 and a beta of 1.57. Atmus Filtration Technologies has a 1-year low of $30.94 and a 1-year high of $58.18.

Atmus Filtration Technologies (NYSE:ATMU) last issued its quarterly earnings data on Friday, November 7th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $447.70 million for the quarter, compared to the consensus estimate of $415.02 million. During the same period in the prior year, the business earned $0.61 earnings per share. The business’s revenue 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. Equities research analysts expect that Atmus Filtration Technologies will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in Atmus Filtration Technologies by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 83,277 shares of the company’s stock worth $3,033,000 after buying an additional 236 shares during the period. Bessemer Group Inc. raised its stake in Atmus Filtration Technologies by 31.4% during the second quarter. Bessemer Group Inc. now owns 1,138 shares of the company’s stock worth $42,000 after acquiring an additional 272 shares during the period. Verdence Capital Advisors LLC increased its position in Atmus Filtration Technologies by 2.1% in the third quarter. Verdence Capital Advisors LLC now owns 13,678 shares of the company’s stock worth $626,000 after buying an additional 285 shares during the period. GAMMA Investing LLC boosted its stake in Atmus Filtration Technologies by 14.7% during the 4th quarter. GAMMA Investing LLC now owns 2,223 shares of the company’s stock valued at $115,000 after purchasing an additional 285 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Atmus Filtration Technologies by 5.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,021 shares of the company’s stock worth $266,000 after buying an additional 301 shares during the period. Institutional investors and hedge funds 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.