Northland Capmk Has Pessimistic Outlook of ATMU Q4 Earnings

Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) - Investment analysts at Northland Capmk dropped their Q4 2024 earnings per share (EPS) estimates for shares of Atmus Filtration Technologies in a report issued on Tuesday, October 15th. Northland Capmk analyst B. Brooks now expects that the company will earn $0.52 per share for the quarter, down from their previous forecast of $0.53. The consensus estimate for Atmus Filtration Technologies' current full-year earnings is $2.33 per share.

Several other research analysts also recently weighed in on ATMU. Northland Securities increased their price target on shares of Atmus Filtration Technologies from $38.00 to $49.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wells Fargo & Company raised their target price on Atmus Filtration Technologies from $36.00 to $42.00 and gave the stock an "overweight" rating in a report on Monday, October 7th. Robert W. Baird boosted their price target on Atmus Filtration Technologies from $37.00 to $42.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price target on Atmus Filtration Technologies from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, October 11th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Atmus Filtration Technologies presently has an average rating of "Buy" and an average price target of $42.80.

Atmus Filtration Technologies Stock Performance

Shares of ATMU traded down $0.22 on Thursday, reaching $39.78. The company's stock had a trading volume of 725,860 shares, compared to its average volume of 1,933,490. The stock's 50 day simple moving average is $35.60 and its two-hundred day simple moving average is $32.06. The company has a debt-to-equity ratio of 3.28, a current ratio of 2.07 and a quick ratio of 1.30. The stock has a market capitalization of $3.32 billion, a P/E ratio of 20.30, a PEG ratio of 4.40 and a beta of 1.75. Atmus Filtration Technologies has a 12-month low of $18.21 and a 12-month high of $40.29.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last posted its earnings results on Friday, August 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.13. The company had revenue of $432.60 million for the quarter, compared to the consensus estimate of $418.33 million. Atmus Filtration Technologies had a return on equity of 187.12% and a net margin of 10.52%. Atmus Filtration Technologies's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share.

Insider Buying and Selling

In other Atmus Filtration Technologies news, Director Stephen E. Macadam purchased 8,250 shares of the firm's stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of $31.56 per share, with a total value of $260,370.00. Following the completion of the acquisition, the director now directly owns 32,083 shares in the company, valued at $1,012,539.48. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Gretchen R. Haggerty bought 5,849 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average price of $34.20 per share, for a total transaction of $200,035.80. Following the completion of the transaction, the director now owns 19,882 shares in the company, valued at $679,964.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen E. Macadam purchased 8,250 shares of Atmus Filtration Technologies stock in a transaction on Wednesday, August 7th. The stock was bought at an average price of $31.56 per share, for a total transaction of $260,370.00. Following the completion of the acquisition, the director now owns 32,083 shares in the company, valued at $1,012,539.48. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Atmus Filtration Technologies by 366.5% in the first quarter. Vanguard Group Inc. now owns 8,080,641 shares of the company's stock valued at $260,601,000 after purchasing an additional 6,348,391 shares in the last quarter. Boston Partners purchased a new position in shares of Atmus Filtration Technologies in the 1st quarter worth $27,102,000. Bayberry Capital Partners LP purchased a new position in shares of Atmus Filtration Technologies in the 1st quarter worth $25,800,000. Renaissance Technologies LLC bought a new stake in shares of Atmus Filtration Technologies in the 2nd quarter worth about $17,743,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Atmus Filtration Technologies by 38.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,088,496 shares of the company's stock valued at $67,355,000 after buying an additional 583,078 shares in the last quarter. Institutional investors own 32.73% of the company's stock.

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.