Atmus Filtration Technologies (NYSE:ATMU) Downgraded to Hold Rating by Zacks Research

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

ATMU has been the topic of a number of other reports. Wall Street Zen cut Atmus Filtration Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 17th. Wells Fargo & Company upped their price target on Atmus Filtration Technologies from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Atmus Filtration Technologies in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price objective on Atmus Filtration Technologies from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Atmus Filtration Technologies Price Performance

NYSE ATMU opened at $56.67 on Tuesday. The company has a 50-day moving average price of $53.27 and a 200-day moving average price of $47.10. Atmus Filtration Technologies has a 52 week low of $30.94 and a 52 week high of $58.18. The company has a quick ratio of 1.41, a current ratio of 2.14 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $4.62 billion, a P/E ratio of 23.61, a PEG ratio of 2.49 and a beta of 1.57.

Atmus Filtration Technologies (NYSE:ATMU) last announced its earnings results 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 net margin of 11.57% and a return on equity of 76.84%. The company had revenue of $447.70 million during the quarter, compared to analyst estimates of $415.02 million. During the same period in the previous year, the business posted $0.61 earnings per share. The firm’s quarterly 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 anticipate that Atmus Filtration Technologies will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Atmus Filtration Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp raised its position in shares of Atmus Filtration Technologies by 143.1% during the first quarter. Jones Financial Companies Lllp now owns 700 shares of the company’s stock valued at $26,000 after buying an additional 412 shares during the last quarter. Bessemer Group Inc. grew 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 valued at $42,000 after acquiring an additional 272 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Atmus Filtration Technologies by 93.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,332 shares of the company’s stock valued at $49,000 after acquiring an additional 644 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Atmus Filtration Technologies by 54.8% in the 2nd quarter. Osaic Holdings Inc. now owns 2,471 shares of the company’s stock worth $90,000 after purchasing an additional 875 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of 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 last quarter. 32.73% of the stock is owned by hedge funds and other institutional investors.

About Atmus Filtration Technologies

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.