111 Capital Raises Stake in Axalta Coating Systems Ltd. $AXTA

Key Points

• 111 Capital increased its stake in Axalta Coating Systems Ltd. by 202.5% in Q2, owning 25,424 shares worth $755,000 after acquiring an additional 17,018 shares.
• Several brokerages have downgraded Axalta's ratings and target prices, with targets now generally set between $32.00 and $39.00.
• The company reported a quarterly EPS of $0.64, exceeding analyst expectations, but noted a year-over-year revenue decline of 3.4% to $1.32 billion.

111 Capital lifted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 202.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 25,424 shares of the specialty chemicals company's stock after purchasing an additional 17,018 shares during the quarter. 111 Capital's holdings in Axalta Coating Systems were worth $755,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AXTA. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Axalta Coating Systems by 12.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,746 shares of the specialty chemicals company's stock worth $744,000 after purchasing an additional 2,438 shares during the period. GAMMA Investing LLC grew its holdings in shares of Axalta Coating Systems by 3,005.3% during the 1st quarter. GAMMA Investing LLC now owns 76,855 shares of the specialty chemicals company's stock worth $2,549,000 after purchasing an additional 74,380 shares during the period. UMB Bank n.a. grew its stake in shares of Axalta Coating Systems by 31.1% in the first quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock valued at $91,000 after buying an additional 651 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Axalta Coating Systems by 12.3% in the first quarter. Wedge Capital Management L L P NC now owns 103,826 shares of the specialty chemicals company's stock valued at $3,444,000 after buying an additional 11,346 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Axalta Coating Systems during the 1st quarter valued at about $55,876,000. Hedge funds and other institutional investors own 98.28% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AXTA. Deutsche Bank Aktiengesellschaft downgraded 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. Evercore ISI reiterated an "in-line" rating and set a $32.00 target price (down from $47.00) on shares of Axalta Coating Systems in a report on Thursday. Citigroup reiterated a "neutral" rating and set a $34.00 target price (down from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. BMO Capital Markets downgraded Axalta Coating Systems from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $51.00 to $33.00 in a report on Wednesday, July 16th. Finally, Wells Fargo & Company dropped their target price on Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Axalta Coating Systems currently has an average rating of "Hold" and a consensus price target of $36.50.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $28.24 on Friday. Axalta Coating Systems Ltd. has a fifty-two week low of $27.37 and a fifty-two week high of $41.65. The business has a 50 day moving average price of $29.94 and a two-hundred day moving average price of $30.73. 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 $6.12 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25.

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

Insider Activity at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $31.06, for a total value of $99,205.64. Following the completion of the transaction, the senior vice president owned 12,087 shares in the company, valued at approximately $375,422.22. This trade represents a 20.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

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.

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