Charles Schwab Investment Management Inc. Increases Holdings in Axalta Coating Systems Ltd. $AXTA

Key Points

• Charles Schwab Investment Management Inc. increased its ownership of Axalta Coating Systems by 1.4% in the 1st quarter, totaling approximately $48.2 million.
• Several other institutional investors also boosted their stakes significantly, with notable increases such as Financial Management Professionals Inc. at 11,757.1%.
• Analysts have revised their price targets for Axalta, with Wells Fargo lowering its target from $40.00 to $39.00 while maintaining an "overweight" rating on the stock.

Charles Schwab Investment Management Inc. raised its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,452,808 shares of the specialty chemicals company's stock after acquiring an additional 19,982 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.66% of Axalta Coating Systems worth $48,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. ProShare Advisors LLC lifted its holdings in shares of Axalta Coating Systems by 2.9% in the fourth quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock worth $419,000 after acquiring an additional 343 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Axalta Coating Systems by 12.1% in the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock valued at $123,000 after buying an additional 401 shares during the period. Xponance Inc. increased its stake in shares of Axalta Coating Systems by 1.6% in the first quarter. Xponance Inc. now owns 25,360 shares of the specialty chemicals company's stock valued at $841,000 after buying an additional 407 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in shares of Axalta Coating Systems by 3.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,691 shares of the specialty chemicals company's stock valued at $469,000 after buying an additional 431 shares during the period. Finally, Golden State Wealth Management LLC increased its stake 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 valued at $31,000 after buying an additional 488 shares during the period. Institutional investors own 98.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AXTA shares. BMO Capital Markets downgraded Axalta Coating Systems from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $51.00 to $33.00 in a research note on Wednesday, July 16th. Royal Bank Of Canada lowered 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 lowered their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research note on Friday, July 18th. Finally, Morgan Stanley reduced their target price on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock 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 company. According to MarketBeat, Axalta Coating Systems presently has an average rating of "Moderate Buy" and an average target price of $37.71.

Insider Buying and Selling

In related news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction 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 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company's stock.

Axalta Coating Systems Stock Down 0.0%

Shares of AXTA traded down $0.0050 during trading hours on Thursday, reaching $30.7150. The stock had a trading volume of 2,578,581 shares, compared to its average volume of 3,248,692. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 1.78 and a beta of 1.27. The firm has a 50-day simple moving average of $29.74 and a 200 day simple moving average of $31.99. Axalta Coating Systems Ltd. has a 12 month low of $27.58 and a 12 month high of $41.65. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly 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 quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. Equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

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.