26,321 Shares in Axalta Coating Systems Ltd. $AXTA Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,321 shares of the specialty chemicals company’s stock, valued at approximately $781,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AXTA. Nuveen LLC acquired a new position in Axalta Coating Systems during the first quarter worth $57,682,000. Fuller & Thaler Asset Management Inc. grew its holdings in Axalta Coating Systems by 29.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,250,351 shares of the specialty chemicals company’s stock valued at $240,494,000 after purchasing an additional 1,663,261 shares during the last quarter. Millennium Management LLC grew its holdings in Axalta Coating Systems by 89.0% in the first quarter. Millennium Management LLC now owns 3,087,211 shares of the specialty chemicals company’s stock valued at $102,403,000 after purchasing an additional 1,453,551 shares during the last quarter. Locust Wood Capital Advisers LLC grew its holdings in Axalta Coating Systems by 15.4% in the first quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company’s stock valued at $129,810,000 after purchasing an additional 520,844 shares during the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Axalta Coating Systems by 327.5% in the first quarter. MetLife Investment Management LLC now owns 525,469 shares of the specialty chemicals company’s stock valued at $17,430,000 after purchasing an additional 402,552 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Insider Activity at Axalta Coating Systems

In related news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $31.06, for a total transaction of $99,205.64. Following the sale, the senior vice president owned 12,087 shares of the company’s stock, valued at $375,422.22. This trade represents a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AXTA. Mizuho lowered their target price on Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Friday, July 18th. Royal Bank Of Canada lowered their target price on Axalta Coating Systems from $37.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Wells Fargo & Company lowered their target price on Axalta Coating Systems from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 10th. Finally, Vertical Research set a $37.00 target price on Axalta Coating Systems and gave the company a “buy” rating in a report on Wednesday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Axalta Coating Systems currently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Axalta Coating Systems Stock Up 0.9%

AXTA opened at $29.08 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47. The firm has a market cap of $6.30 billion, a P/E ratio of 14.25, a PEG ratio of 1.54 and a beta of 1.25. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $41.65. The business’s fifty day simple moving average is $29.60 and its 200 day simple moving average is $30.25.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Axalta Coating Systems Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.