Axalta Coating Systems Ltd. $AXTA Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC reduced its stake in Axalta Coating Systems by 5.2%, ending the first quarter with approximately $5.69 million worth of shares.
• Analysts have expressed concerns regarding Axalta Coating Systems' stock, with several firms cutting their price targets and ratings, including Deutsche Bank, Barclays, and Morgan Stanley.
• Axalta Coating Systems reported a quarterly earnings per share (EPS) of $0.64, surpassing analyst estimates, although revenue was down 3.4% compared to the previous year.

Algert Global LLC lowered its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 5.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 171,673 shares of the specialty chemicals company's stock after selling 9,480 shares during the quarter. Algert Global LLC owned about 0.08% of Axalta Coating Systems worth $5,694,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AXTA. Invesco Ltd. grew its holdings in shares of Axalta Coating Systems by 0.3% during the 4th quarter. Invesco Ltd. now owns 374,149 shares of the specialty chemicals company's stock worth $12,803,000 after purchasing an additional 1,122 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Axalta Coating Systems during the 4th quarter worth about $7,127,000. Rockefeller Capital Management L.P. grew its holdings in shares of Axalta Coating Systems by 6.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,630 shares of the specialty chemicals company's stock worth $569,000 after purchasing an additional 960 shares during the period. Barclays PLC boosted its holdings in Axalta Coating Systems by 71.1% in the 4th quarter. Barclays PLC now owns 264,366 shares of the specialty chemicals company's stock worth $9,049,000 after acquiring an additional 109,883 shares during the period. Finally, Mariner LLC boosted its holdings in Axalta Coating Systems by 14.6% in the 4th quarter. Mariner LLC now owns 24,931 shares of the specialty chemicals company's stock worth $853,000 after acquiring an additional 3,176 shares during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Up 3.4%

Shares of AXTA traded up $1.0460 during trading on Friday, reaching $31.8160. The company's stock had a trading volume of 3,850,407 shares, compared to its average volume of 3,166,777. The company has a fifty day moving average of $29.80 and a two-hundred day moving average of $31.90. Axalta Coating Systems Ltd. has a twelve month low of $27.58 and a twelve month high of $41.65. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 1.85 and a beta of 1.27. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) 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 company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $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. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

AXTA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target for the company. in a report on Friday, July 18th. Mizuho decreased their price target on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a report on Tuesday, July 15th. Barclays decreased their price target on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Wall Street Zen cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Citigroup restated a "neutral" rating and issued a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.71.

Insider Activity

In related news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction that occurred 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 directly owned 12,087 shares of the company's stock, valued at approximately $375,422.22. This represents a 20.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

About Axalta Coating Systems

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.