Fox Run Management L.L.C. Has $1.37 Million Stock Position in Axalta Coating Systems Ltd. $AXTA

Key Points

• Fox Run Management L.L.C. increased its stake in Axalta Coating Systems by 102% during the first quarter, now owning 41,338 shares valued at approximately $1.37 million.
• Several institutional investors have also significantly increased their positions in Axalta, with 98.28% of the company's stock now owned by institutional holders.
• Wall Street analysts have mixed ratings for Axalta Coating Systems, with a consensus target price of $37.71, indicating a shift from previous buy ratings to hold and neutral ratings.

Fox Run Management L.L.C. increased its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 102.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,338 shares of the specialty chemicals company's stock after acquiring an additional 20,874 shares during the period. Fox Run Management L.L.C.'s holdings in Axalta Coating Systems were worth $1,371,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AXTA. Fuller & Thaler Asset Management Inc. increased its stake in Axalta Coating Systems by 54.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock valued at $191,190,000 after buying an additional 1,980,296 shares during the period. Nuveen LLC purchased a new position in shares of Axalta Coating Systems in the first quarter worth approximately $57,682,000. SG Americas Securities LLC purchased a new position in shares of Axalta Coating Systems in the first quarter worth approximately $55,876,000. Balyasny Asset Management L.P. purchased a new position in Axalta Coating Systems during the fourth quarter valued at approximately $56,215,000. Finally, Deutsche Bank AG grew its position in Axalta Coating Systems by 144.7% during the fourth quarter. Deutsche Bank AG now owns 1,950,902 shares of the specialty chemicals company's stock valued at $66,760,000 after purchasing an additional 1,153,620 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AXTA. The Goldman Sachs Group reduced their target price on shares of 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. Royal Bank Of Canada reduced their target price on shares of 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. Mizuho reduced their target price on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a research note on Tuesday, July 15th. Citigroup reiterated a "neutral" rating and issued a $34.00 target price (down from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. Finally, Barclays reduced their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Axalta Coating Systems currently has an average rating of "Moderate Buy" and an average target price of $37.71.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock traded up $0.5820 on Tuesday, reaching $31.0720. The stock had a trading volume of 1,869,702 shares, compared to its average volume of 2,419,699. Axalta Coating Systems Ltd. has a fifty-two week low of $27.58 and a fifty-two week high of $41.65. The business's 50-day moving average price is $29.72 and its two-hundred day moving average price is $32.03. The stock has a market cap of $6.73 billion, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 1.76 and a beta of 1.27. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.33 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Axalta Coating Systems's 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. On average, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current 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.