Axalta Coating Systems Ltd. (NYSE:AXTA) Short Interest Update

Key Points

• Axalta Coating Systems experienced a 19.9% increase in short interest in August, rising to 7,720,000 shares, with a days-to-cover ratio of 2.8 days.
• Insider transactions revealed that SVP Amy Tufano sold 3,194 shares, a 20.90% decrease in her ownership, leaving her with 12,087 shares valued at approximately $375,422.
• Wall Street analysts hold a mixed consensus on Axalta, with a moderate buy rating and a consensus price target of $37.71, down from previous estimates.

Axalta Coating Systems Ltd. (NYSE:AXTA - Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 7,720,000 shares, an increase of 19.9% from the August 15th total of 6,440,000 shares. Based on an average trading volume of 2,710,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 3.6% of the shares of the stock are short sold. Approximately 3.6% of the shares of the stock are short sold. Based on an average trading volume of 2,710,000 shares, the days-to-cover ratio is presently 2.8 days.

Insider Buying and Selling

In related news, SVP Amy Tufano sold 3,194 shares of the firm'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 transaction of $99,205.64. Following the completion of the sale, the senior vice president directly owned 12,087 shares in the company, valued at approximately $375,422.22. This trade represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Axalta Coating Systems

A number of hedge funds have recently added to or reduced their stakes in AXTA. Financial Management Professionals Inc. grew its stake in shares of Axalta Coating Systems by 11,757.1% during the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 823 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Axalta Coating Systems by 105.9% during the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 488 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in Axalta Coating Systems in the 2nd quarter valued at $37,000. IFP Advisors Inc acquired a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at $39,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Axalta Coating Systems by 951.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company's stock worth $44,000 after acquiring an additional 1,199 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup reiterated a "neutral" rating and issued a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Deutsche Bank Aktiengesellschaft lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a report on Friday, July 18th. Royal Bank Of Canada decreased their price objective on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, August 1st. Wells Fargo & Company dropped their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Finally, Mizuho reduced their price target on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.71.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock traded down $0.42 during mid-day trading on Friday, reaching $30.27. The company had a trading volume of 4,472,668 shares, compared to its average volume of 2,423,794. 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 $6.55 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 1.77 and a beta of 1.28. The company has a 50 day moving average of $30.24 and a 200-day moving average of $31.20. Axalta Coating Systems has a 52 week low of $27.58 and a 52 week high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results 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 during 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%.Axalta Coating Systems's revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, sell-side analysts expect that Axalta Coating Systems will post 2.55 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.