Wellington Management Group LLP Increases Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Key Points

• Wellington Management Group LLP increased its stake in Axalta Coating Systems by 2.0%, owning now approximately 3.08% of the company, valued at $223.2 million.
• Axalta's quarterly earnings report revealed $0.64 earnings per share, exceeding analyst expectations, despite a 3.4% revenue decline year-over-year.
• Analysts have adjusted price targets for Axalta, with Barclays lowering it to $42.00 and JPMorgan reducing their target to $32.00, indicating varying perspectives on the stock's performance.

Wellington Management Group LLP increased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,730,406 shares of the specialty chemicals company's stock after purchasing an additional 132,234 shares during the quarter. Wellington Management Group LLP owned approximately 3.08% of Axalta Coating Systems worth $223,248,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AXTA. Financial Management Professionals Inc. increased its stake in Axalta Coating Systems by 11,757.1% during the 1st 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 in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of Axalta Coating Systems by 105.9% during the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 488 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Axalta Coating Systems by 951.6% in 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 acquiring an additional 1,199 shares during the period. UMB Bank n.a. raised its stake in Axalta Coating Systems by 31.1% in the 1st quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock worth $91,000 after acquiring an additional 651 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Axalta Coating Systems by 12.1% during the 1st quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock worth $123,000 after acquiring an additional 401 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 shares were 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 approximately $375,422.22. The trade was a 20.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is currently owned by company insiders.

Axalta Coating Systems Price Performance

AXTA traded up $1.0460 during midday trading on Friday, hitting $31.8160. 3,850,407 shares of the company traded hands, compared to its average volume of 3,166,777. Axalta Coating Systems Ltd. has a 52-week low of $27.58 and a 52-week high of $41.65. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.85 and a beta of 1.27. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47. The business has a 50 day simple moving average of $29.80 and a two-hundred day simple moving average of $31.90.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. The company 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 firm's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the previous 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, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price objective on 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. Barclays cut their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Morgan Stanley decreased their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Wells Fargo & Company dropped their price objective on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Finally, Wall Street Zen cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and an average target price of $37.71.

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.