Atmus Filtration Technologies (ATMU) Stock Price, News & Analysis

Company Overview

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. Its products are used in on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. The company was founded in 1958 and is headquartered in Nashville, Tennessee.

Key Stats

• Today's Range: $43.04 to $43.54
• 50-Day Range: $35.08 to $44.27
• 52-Week Range: $21.09 to $44.66
• Volume: 1,666 shs
• Average Volume: 1.81 million shs
• Market Capitalization: $3.61 billion
• P/E Ratio: 20.20
• Dividend Yield: 0.46%
• Price Target: $44.80
• Consensus Rating: Moderate Buy

Atmus Filtration Technologies Stock Analysis - MarketRank™

Atmus Filtration Technologies scored higher than 42% of companies evaluated by MarketBeat, and ranked 120th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Atmus Filtration Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Atmus Filtration Technologies has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 3.27%

Earnings Growth

Earnings for Atmus Filtration Technologies are expected to grow by 3.27% in the coming year, from $2.45 to $2.53 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Atmus Filtration Technologies is 19.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Atmus Filtration Technologies is 19.99, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.06.

Price to Earnings Growth Ratio

Atmus Filtration Technologies has a PEG Ratio of 4.68. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Atmus Filtration Technologies has a P/B Ratio of 16.16. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.10% of the float of Atmus Filtration Technologies has been sold short.

Short Interest Ratio / Days to Cover

Atmus Filtration Technologies has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Atmus Filtration Technologies has recently decreased by 1.91%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Atmus Filtration Technologies has a dividend yield of 0.46%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Atmus Filtration Technologies does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Atmus Filtration Technologies is 9.30%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Atmus Filtration Technologies will have a dividend payout ratio of 7.91% next year. This indicates that Atmus Filtration Technologies will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.10% of the float of Atmus Filtration Technologies has been sold short.

Short Interest Ratio / Days to Cover

Atmus Filtration Technologies has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Atmus Filtration Technologies has recently decreased by 1.91%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.99

News Sentiment

Atmus Filtration Technologies has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Atmus Filtration Technologies this week, compared to 5 articles on an average week.

Search Interest

Only 4 people have searched for ATMU on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Atmus Filtration Technologies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $200,036.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 0.43% of the stock of Atmus Filtration Technologies is held by insiders.

Percentage Held by Institutions

Only 32.73% of the stock of Atmus Filtration Technologies is held by institutions.

ATMU Stock Analysis - Frequently Asked Questions

How have ATMU shares performed this year?

Atmus Filtration Technologies' stock was trading at $23.49 at the start of the year. Since then, ATMU stock has increased by 83.0% and is now trading at $42.98.
View the best growth stocks for 2024 here.

How were Atmus Filtration Technologies' earnings last quarter?

Atmus Filtration Technologies Inc. (NYSE:ATMU) posted its quarterly earnings data on Friday, November, 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.09. Atmus Filtration Technologies's quarterly revenue was up 2.0% on a year-over-year basis.

When did Atmus Filtration Technologies IPO?

Atmus Filtration Technologies (ATMU) raised $275 million in an initial public offering (IPO) on Friday, May 26th 2023. The company issued 14,124,409 shares at a price of $19.50 per share.

Who are Atmus Filtration Technologies' major shareholders?

Atmus Filtration Technologies' top institutional shareholders include FMR LLC (6.43%), Parsifal Capital Management LP (3.27%), Wellington Management Group LLP (3.03%) and Jacobs Levy Equity Management Inc. (2.60%).
View institutional ownership trends.

How do I buy shares of Atmus Filtration Technologies?

Shares of ATMU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Atmus Filtration Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Atmus Filtration Technologies investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Ex-Dividend for 11/13 Dividend: 10/31/2024
• Last Earnings: 11/08/2024
• Dividend Payable: 11/13/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Motor vehicle parts & accessories
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NYSE:ATMU
• CUSIP: N/A
• CIK: 1921963
• Web: Atmus.com
• Phone: 615-514-7339
• Fax: N/A
• Employees: 4,500
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $44.80
• High Stock Price Target: $50.00
• Low Stock Price Target: $34.00
• Potential Upside/Downside: +4.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.15
• Trailing P/E Ratio: 19.99
• Forward P/E Ratio: 17.54
• P/E Growth: 4.71
• Net Income: $171.30 million
• Net Margins: 10.84%
• Pretax Margin: 13.90%
• Return on Equity: 134.28%
• Return on Assets: 17.61%

Debt

• Debt-to-Equity Ratio: 2.61
• Current Ratio: 2.11
• Quick Ratio: 1.35

Sales & Book Value

• Annual Sales: $1.63 billion
• Price / Sales: 2.19
• Cash Flow: $2.56 per share
• Price / Cash Flow: 16.80
• Book Value: $0.97 per share
• Price / Book: 44.31

Miscellaneous

• Outstanding Shares: 83,100,000
• Free Float: 82,739,000
• Market Cap: $3.57 billion
• Optionable: Optionable
• Beta: 1.68