Dynamic Technology Lab Private Ltd Takes $957,000 Position in Axalta Coating Systems Ltd. $AXTA

Key Points

• Dynamic Technology Lab Private Ltd has acquired 28,840 shares of Axalta Coating Systems, valued at approximately $957,000, as reported in their latest 13F filing.
• Other institutional investors, including JPMorgan Chase & Co. and Fuller & Thaler Asset Management, have also increased their stakes in Axalta, with 98.28% of the stock currently owned by institutional investors.
• Analyst ratings reflect a consensus of "Moderate Buy" for Axalta, with target prices ranging around $32.00 to $40.00 following recent downgrades from several research analysts.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,840 shares of the specialty chemicals company's stock, valued at approximately $957,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. ProShare Advisors LLC increased its position in shares of Axalta Coating Systems by 2.9% during the fourth quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock valued at $419,000 after buying an additional 343 shares during the period. Fifth Third Bancorp increased its position in shares of Axalta Coating Systems by 12.1% during 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 position in shares of Axalta Coating Systems by 1.6% during 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 position in shares of Axalta Coating Systems by 3.3% during 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 position 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 period. 98.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the 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 transaction, the senior vice president directly owned 12,087 shares in the company, valued at $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 available at this hyperlink. 0.30% of the stock is owned by insiders.

Axalta Coating Systems Price Performance

NYSE AXTA traded down $0.54 on Friday, reaching $31.25. 1,277,378 shares of the company's stock traded hands, compared to its average volume of 2,215,046. Axalta Coating Systems Ltd. has a 12 month low of $27.58 and a 12 month high of $41.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53. The stock has a 50-day simple moving average of $30.23 and a 200 day simple moving average of $31.27. The stock has a market cap of $6.77 billion, a PE ratio of 15.32, a P/E/G ratio of 1.81 and a beta of 1.28.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued 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. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the business earned $0.57 earnings per share. The business'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. As a group, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AXTA shares. BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $51.00 to $33.00 in a research report on Wednesday, July 16th. Royal Bank Of Canada decreased their price objective on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Zacks Research upgraded shares of Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a research report on Monday, September 8th. Mizuho decreased their price objective on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company decreased 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 research report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems currently has an average rating of "Moderate Buy" and a consensus price target of $37.71.

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.