7,968 Shares in Axalta Coating Systems Ltd. $AXTA Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,968 shares of the specialty chemicals company's stock, valued at approximately $264,000.

A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Axalta Coating Systems by 3.2% in the first quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company's stock worth $386,000,000 after acquiring an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Axalta Coating Systems by 29.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,250,351 shares of the specialty chemicals company's stock valued at $240,494,000 after buying an additional 1,663,261 shares during the last quarter. Wellington Management Group LLP increased its holdings in Axalta Coating Systems by 2.0% during the first quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company's stock valued at $223,248,000 after buying an additional 132,234 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Axalta Coating Systems by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company's stock valued at $137,344,000 after buying an additional 266,907 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC increased its holdings in Axalta Coating Systems by 15.4% during the first quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company's stock valued at $129,810,000 after buying an additional 520,844 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Amy Tufano sold 3,194 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total value of $99,205.64. Following the sale, the senior vice president owned 12,087 shares in the company, valued at approximately $375,422.22. The trade was a 20.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AXTA. BMO Capital Markets cut shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $51.00 to $33.00 in a report on Wednesday, July 16th. Wells Fargo & Company reduced their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Citigroup reaffirmed a "neutral" rating and set a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Mizuho lowered their price target on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. Finally, Royal Bank Of Canada lowered their price target on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.71.

Axalta Coating Systems Price Performance

Shares of AXTA stock traded down $0.54 during mid-day trading on Friday, hitting $31.25. The company had a trading volume of 1,277,378 shares, compared to its average volume of 2,339,745. Axalta Coating Systems Ltd. has a 52-week low of $27.58 and a 52-week high of $41.65. The stock's 50 day moving average price is $30.23 and its 200-day moving average price is $31.31. 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 company has a market capitalization of $6.77 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.84 and a beta of 1.28.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. Axalta Coating Systems'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. Equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

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.