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Atmus Filtration Technologies Inc (ATMU) Stock Could Soon Reward Patient Investors

Atmus Filtration Technologies Inc (NYSE: ATMU) is 41.51% higher on its value in year-to-date trading and has touched a low of $18.21 and a high of $32.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ATMU stock was last observed hovering at around $32.43 in the last trading session, with the day’s gains setting it 0.81%.

Currently trading at $33.24, the stock is 22.47% and 36.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.24 million and changing 2.50% at the moment leaves the stock 46.42% off its SMA200. ATMU registered a gain of 59.42% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $1.98 and a 200-day simple moving average (SMA200) of $11.80.

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The stock witnessed a 38.73% loss in the last 1 month and extending the period to 3 months gives it a 41.51%, and is 8.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.14% over the week and 4.68% over the month.

Atmus Filtration Technologies Inc (ATMU) has around 4500 employees, a market worth around $2.77B and $1.63B in sales. Current P/E ratio is 16.17 and Fwd P/E is 14.36. Profit margin for the company is 10.52%. Distance from 52-week low is 82.54% and 1.78% from its 52-week high. The company has generated returns on investments over the last 12 months (24.75%).

Atmus Filtration Technologies Inc quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $415.58M over the same period.The EPS is expected to shrink by -4.03% this year, but quarterly earnings will post 1.10% year-over-year.

Atmus Filtration Technologies Inc (ATMU) Top Institutional Holders

155 institutions hold shares in Atmus Filtration Technologies Inc (ATMU), with institutional investors hold 35.18% of the company’s shares. The shares outstanding are 83.30M, and float is at 82.99M with Short Float at 25.56%. Institutions hold 35.03% of the Float.

The top institutional shareholder in the company is Franklin Resources, Inc. with over 2.22 million shares valued at $48.65 million. The investor’s holdings represent 2.66% of the ATMU Shares outstanding. As of Jun 29, 2023, the second largest holder is Citadel Advisors Llc with 1.58 million shares valued at $34.7 million to account for 1.90% of the shares outstanding. The other top investors are American Century Companies, Inc. which holds 1.08 million shares representing 1.29% and valued at over $23.67 million, while Blackrock Inc. holds 1.23% of the shares totaling 1.03 million with a market value of $22.56 million.

Atmus Filtration Technologies Inc (ATMU) Insider Activity

The most recent transaction is an insider purchase by Macadam Stephen E.,the company’sDirector. SEC filings show that Macadam Stephen E. bought 5,200 shares of the company’s common stock on Nov 09 ’23 at a price of $19.49 per share for a total of $0.1 million. Following the purchase, the insider now owns 19268.0 shares.

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