Atmus Filtration Technologies (NYSE:ATMU – Free Report) had its target price increased by JPMorgan Chase & Co. from $54.00 to $60.00 in a report issued on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.
A number of other equities analysts have also recently weighed in on ATMU. Wells Fargo & Company began coverage on shares of Atmus Filtration Technologies in a research note on Monday, August 3rd. They set an “equal weight” rating and a $56.00 price target on the stock. Weiss Ratings raised Atmus Filtration Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.67.
View Our Latest Stock Analysis on ATMU
Atmus Filtration Technologies Trading Up 2.0%
Shares of ATMU stock opened at $56.35 on Monday. The company has a current ratio of 2.56, a quick ratio of 1.73 and a debt-to-equity ratio of 1.88. The business’s 50 day moving average is $45.85 and its two-hundred day moving average is $52.86. Atmus Filtration Technologies has a twelve month low of $40.75 and a twelve month high of $66.50. The company has a market capitalization of $4.58 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 2.09 and a beta of 1.17.
Atmus Filtration Technologies (NYSE:ATMU – Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.04. The company had revenue of $510.00 million for the quarter, compared to analysts’ expectations of $501.59 million. Atmus Filtration Technologies had a net margin of 11.26% and a return on equity of 55.47%. Atmus Filtration Technologies’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. Atmus Filtration Technologies has set its FY 2026 guidance at 2.900-3.050 EPS. Equities analysts forecast that Atmus Filtration Technologies will post 2.99 EPS for the current year.
Insider Transactions at Atmus Filtration Technologies
In related news, insider Renee Swan sold 3,870 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $50.89, for a total transaction of $196,944.30. Following the completion of the transaction, the insider owned 46,875 shares of the company’s stock, valued at approximately $2,385,468.75. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 0.43% of the company’s stock.
Hedge Funds Weigh In On Atmus Filtration Technologies
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Atmus Filtration Technologies in the 2nd quarter worth $631,617,000. Jupiter Topco LLC acquired a new stake in Atmus Filtration Technologies during the second quarter worth about $83,249,000. Port Capital LLC acquired a new stake in Atmus Filtration Technologies during the second quarter worth about $52,739,000. The Manufacturers Life Insurance Company purchased a new position in shares of Atmus Filtration Technologies in the 2nd quarter worth about $39,152,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Atmus Filtration Technologies by 193.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 999,548 shares of the company’s stock worth $56,744,000 after purchasing an additional 659,357 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 designs, manufactures and distributes filtration products and solutions for equipment and engines. Its offerings include air, fuel, lubricating-oil, hydraulic and coolant filtration, as well as crankcase ventilation and emissions-related products. The company markets many of its products under the Fleetguard brand. Atmus serves customers in markets including on-highway transportation, agriculture, construction, mining, marine, power generation and industrial equipment.
Featured Articles
- Five stocks we like better than Atmus Filtration Technologies
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Receive News & Ratings for Atmus Filtration Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmus Filtration Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
