Channing Capital Management LLC Sells 13,787 Shares of Axalta Coating Systems Ltd. $AXTA

Key Points

• Channing Capital Management LLC has reduced its stake in Axalta Coating Systems Ltd. by 4.0%, holding 334,324 shares worth approximately $11.09 million after selling 13,787 shares.
• Despite reporting earnings per share of $0.64 for the last quarter, surpassing estimates, Axalta's revenue fell 3.4% year-over-year, totaling $1.32 billion.
• Research analysts have downgraded Axalta Coating Systems with several target price reductions, showing a consensus rating of "Moderate Buy" and an average target price of $37.71.

Channing Capital Management LLC lessened its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 4.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 334,324 shares of the specialty chemicals company's stock after selling 13,787 shares during the quarter. Channing Capital Management LLC owned approximately 0.15% of Axalta Coating Systems worth $11,090,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its stake in shares of 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 worth $28,000 after purchasing an additional 823 shares during the last quarter. Golden State Wealth Management LLC lifted its position in shares of Axalta Coating Systems by 105.9% in the first 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 worth $44,000 after acquiring an additional 1,199 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Axalta Coating Systems by 31.1% during the 1st quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock valued at $91,000 after acquiring an additional 651 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of 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 valued at $123,000 after acquiring an additional 401 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock traded up $1.0460 during trading hours on Friday, hitting $31.8160. The stock had a trading volume of 3,850,407 shares, compared to its average volume of 3,166,777. Axalta Coating Systems Ltd. has a fifty-two week low of $27.58 and a fifty-two week high of $41.65. The company has a market cap of $6.89 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. The company has a 50-day moving average of $29.80 and a two-hundred day moving average of $31.86. 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 released its quarterly earnings data 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. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business 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 research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on AXTA shares. Citigroup reiterated a "neutral" rating and issued a $34.00 target price (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Deutsche Bank Aktiengesellschaft downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a research report on Friday, July 18th. BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $51.00 to $33.00 in a research report on Wednesday, July 16th. Wall Street Zen lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. lowered Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. One 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. Based on data from MarketBeat, Axalta Coating Systems has a consensus rating of "Moderate Buy" and a consensus target price of $37.71.

Insider Activity at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of Axalta Coating Systems stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which is accessible 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.