Axalta Coating Systems Ltd. $AXTA Shares Sold by Gamco Investors INC. ET AL

Key Points

• Gamco Investors INC. ET AL reduced its stake in Axalta Coating Systems by 8.4%, selling 10,987 shares, leaving it with approximately 119,723 shares valued at $3.97 million.
• Meanwhile, JPMorgan Chase & Co. boosted its position by 3.2%, now holding around $386 million worth of shares after acquiring an additional 356,143 shares.
• Multiple analysts have adjusted their ratings and price targets for Axalta, with Deutsche Bank downgrading it from "buy" to "hold" and setting a price target of $32.00.

Gamco Investors INC. ET AL lowered its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 8.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,723 shares of the specialty chemicals company's stock after selling 10,987 shares during the period. Gamco Investors INC. ET AL owned approximately 0.05% of Axalta Coating Systems worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in AXTA. Boothbay Fund Management LLC acquired a new stake in Axalta Coating Systems in the 4th quarter valued at approximately $436,000. Northern Trust Corp grew its stake in shares of Axalta Coating Systems by 22.4% in the fourth quarter. Northern Trust Corp now owns 1,913,584 shares of the specialty chemicals company's stock worth $65,483,000 after acquiring an additional 350,314 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in shares of Axalta Coating Systems by 147.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 572,767 shares of the specialty chemicals company's stock worth $19,600,000 after acquiring an additional 341,220 shares in the last quarter. Kapitalo Investimentos Ltda grew its stake in shares of Axalta Coating Systems by 9.8% in the fourth quarter. Kapitalo Investimentos Ltda now owns 8,277 shares of the specialty chemicals company's stock worth $283,000 after acquiring an additional 740 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew 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 worth $469,000 after acquiring an additional 431 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

NYSE AXTA traded down $0.54 during trading hours on Tuesday, hitting $30.72. 260,574 shares of the stock were exchanged, compared to its average volume of 2,402,717. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. Axalta Coating Systems Ltd. has a 12-month low of $27.58 and a 12-month high of $41.65. The stock has a 50-day moving average of $30.03 and a 200 day moving average of $31.61. 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 (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. 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, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insiders Place Their Bets

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction dated 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 approximately $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company's stock.

Analyst Ratings Changes

AXTA has been the subject of several research reports. The Goldman Sachs Group dropped their price target 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. Morgan Stanley lowered their target price on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Mizuho lowered 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. Wells Fargo & Company lowered 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 research note on Tuesday, July 1st. Finally, Wall Street Zen downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Axalta Coating Systems presently 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.