A better buy-in window may exist right now for Atmus Filtration Technologies Inc. (ATMU)

Atmus Filtration Technologies Inc. (NYSE: ATMU) stock jumped 0.22% on Monday to $22.46 against a previous-day closing price of $22.41. With 0.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. During the session, the Pollution & Treatment Controls company that operates in wider Industrials sector, reached to the highest price of $22.71 whereas the lowest price it dropped to was $22.15. The 52-week range on ATMU shows that it touched its highest point at $25.20 and its lowest point at $19.10 during that stretch. It currently has a 1-year price target of $27.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ATMU was down-trending over the past week, with a drop of -2.85%, but this was down by -2.35% over a month. A look at the trailing 12-month EPS for ATMU yields 1.68 with Next year EPS estimates of 2.06.

Float and Shares Shorts:

At present, 83.30 million ATMU shares are outstanding with a float of 82.94 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.65 million, which was 0.79% higher than short shares on Jul 30, 2023. In addition to Ms. Stephanie Juanita Disher as the firm’s CEO & Director, Mr. Jack Kienzler serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 7.64% of ATMU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.57% of ATMU, in contrast to 12.16% held by mutual funds. Shares owned by individuals account for 0.22%. As the largest shareholder in ATMU with 2.66% of the stake, Franklin Mutual Advisers LLC holds 2,215,474 shares worth 2,215,474. A second-largest stockholder of ATMU, Citadel Advisors LLC, holds 1,262,263 shares, controlling over 1.52% of the firm’s shares. American Century Investment Manag is the third largest shareholder in ATMU, holding 1,077,909 shares or 1.29% stake. With a 2.14% stake in ATMU, the Franklin Small Cap Value Fund is the largest stakeholder. A total of 1,784,158 shares are owned by the mutual fund manager. The American Century Small Cap Value, which owns about 1.03% of ATMU stock, is the second-largest Mutual Fund holder. It holds 855,000 shares valued at 19.71 million. John Hancock Small Cap Core Fund holds 0.69% of the stake in ATMU, owning 573,023 shares worth 13.21 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ATMU reported revenue of $393.20M and operating income of $52.50M. The EBITDA in the recently reported quarter was $66.60M and diluted EPS was $0.59.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ATMU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ATMU analysts setting a high price target of $30.00 and a low target of $26.00, the average target price over the next 12 months is $27.80. Based on these targets, ATMU could surge 33.57% to reach the target high and rise by 15.76% to reach the target low. Reaching the average price target will result in a growth of 23.78% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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