Brandywine Global Investment Management LLC Buys Shares of 131,950 Axalta Coating Systems Ltd. $AXTA

Key Points

• Brandywine Global Investment Management LLC acquired 131,950 shares of Axalta Coating Systems in the first quarter, valued at approximately $4.38 million, representing 0.06% ownership of the specialty chemicals company as of the latest SEC filing.
• Institutional investors hold a significant stake, with 98.28% of Axalta's stock owned by institutional investors and hedge funds, reflecting strong institutional interest in the company.
• Wall Street analysts have lowered their price targets for Axalta, with an average target of $37.71 and a consensus rating of "Moderate Buy", indicating mixed sentiment towards the company's stock performance.

Brandywine Global Investment Management LLC bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 131,950 shares of the specialty chemicals company's stock, valued at approximately $4,377,000. Brandywine Global Investment Management LLC owned 0.06% of Axalta Coating Systems at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AXTA. Invesco Ltd. increased its position in Axalta Coating Systems by 0.3% in the 4th quarter. Invesco Ltd. now owns 374,149 shares of the specialty chemicals company's stock valued at $12,803,000 after acquiring an additional 1,122 shares during the period. Raymond James Financial Inc. bought a new position in Axalta Coating Systems during the 4th quarter valued at $7,127,000. Rockefeller Capital Management L.P. boosted its stake in 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 valued at $569,000 after purchasing an additional 960 shares in the last quarter. Barclays PLC boosted its stake in Axalta Coating Systems by 71.1% during the 4th quarter. Barclays PLC now owns 264,366 shares of the specialty chemicals company's stock valued at $9,049,000 after purchasing an additional 109,883 shares in the last quarter. Finally, Mariner LLC boosted its stake in Axalta Coating Systems by 14.6% during the 4th quarter. Mariner LLC now owns 24,931 shares of the specialty chemicals company's stock valued at $853,000 after purchasing an additional 3,176 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Up 3.4%

Shares of Axalta Coating Systems stock traded up $1.0460 during midday trading on Friday, hitting $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 firm has a market capitalization of $6.89 billion, a P/E ratio of 15.60, a PEG ratio of 1.79 and a beta of 1.27. The stock has a 50-day simple moving average of $29.80 and a 200-day simple moving average of $31.94. 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 Ltd. has a 1-year low of $27.58 and a 1-year high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $0.57 earnings per share. Axalta Coating Systems's quarterly revenue was down 3.4% compared to the same quarter last year. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insider Activity

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 transaction of $99,205.64. Following the completion of the sale, the senior vice president directly owned 12,087 shares in the company, valued at approximately $375,422.22. This trade represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research note on Friday, July 18th. The Goldman Sachs Group decreased their price target on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. cut Axalta Coating Systems from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Citigroup reaffirmed 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. Finally, Mizuho reduced their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.