Teacher Retirement System of Texas Purchases 4,026 Shares of Axalta Coating Systems Ltd. $AXTA

Teacher Retirement System of Texas boosted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.9% in the 2nd quarter, Holdings Channel reports. The firm owned 106,277 shares of the specialty chemicals company’s stock after buying an additional 4,026 shares during the period. Teacher Retirement System of Texas’ holdings in Axalta Coating Systems were worth $3,155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new position in shares of Axalta Coating Systems during the 2nd quarter worth $37,000. IFP Advisors Inc acquired a new position in Axalta Coating Systems during the second quarter worth about $39,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Axalta Coating Systems by 951.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock valued at $44,000 after purchasing an additional 1,199 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Axalta Coating Systems during the 2nd quarter worth approximately $49,000. Finally, Headlands Technologies LLC lifted its stake in Axalta Coating Systems by 72.3% in the 1st quarter. Headlands Technologies LLC now owns 5,635 shares of the specialty chemicals company’s stock valued at $187,000 after purchasing an additional 2,365 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Insider Transactions at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total value of $99,205.64. Following the transaction, the senior vice president owned 12,087 shares in the company, valued at approximately $375,422.22. The trade was a 20.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

AXTA has been the topic of a number of research reports. Mizuho decreased their target price on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. UBS Group reduced their price objective on Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday. Wells Fargo & Company upped their target price on Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup lifted their price target on Axalta Coating Systems from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Evercore ISI restated an “in-line” rating and set a $32.00 price target (down from $47.00) on shares of Axalta Coating Systems in a report on Thursday, October 2nd. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and an average price target of $36.38.

Axalta Coating Systems Stock Down 0.6%

Shares of AXTA opened at $28.48 on Friday. The stock’s 50-day moving average price is $29.42 and its two-hundred day moving average price is $30.18. Axalta Coating Systems Ltd. has a 12 month low of $26.28 and a 12 month high of $41.65. The company has a market capitalization of $6.08 billion, a PE ratio of 13.63, a PEG ratio of 1.13 and a beta of 1.25. The company has a current ratio of 2.20, a quick ratio of 1.53 and a debt-to-equity ratio of 1.45.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. On average, analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Axalta Coating Systems Company 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.