The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Atmus Filtration Technologies (ATMU) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Atmus Filtration Technologies is a member of our Industrial Products group, which includes 186 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Atmus Filtration Technologies is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ATMU's full-year earnings has moved 2.6% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Our latest available data shows that ATMU has returned about 27.5% since the start of the calendar year. In comparison, Industrial Products companies have returned an average of 6.8%. This means that Atmus Filtration Technologies is performing better than its sector in terms of year-to-date returns.
One other Industrial Products stock that has outperformed the sector so far this year is Proto Labs (PRLB). The stock is up 27.5% year-to-date.
For Proto Labs, the consensus EPS estimate for the current year has increased 6.5% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Atmus Filtration Technologies belongs to the Pollution Control industry, a group that includes 7 individual stocks and currently sits at #61 in the Zacks Industry Rank. This group has gained an average of 8.8% so far this year, so ATMU is performing better in this area.
Proto Labs, however, belongs to the Rubber - Plastics industry. Currently, this 3-stock industry is ranked #185. The industry has moved -2.3% so far this year.
Going forward, investors interested in Industrial Products stocks should continue to pay close attention to Atmus Filtration Technologies and Proto Labs as they could maintain their solid performance.
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Atmus Filtration Technologies Inc. (ATMU): Free Stock Analysis Report Proto Labs, Inc. (PRLB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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