Gamco Investors INC. ET AL Sells 10,987 Shares of Axalta Coating Systems Ltd. $AXTA

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 trimmed its holdings 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 SEC. The firm 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 SEC.

Several other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 356,143 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted 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 purchasing an additional 1,663,261 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Axalta Coating Systems by 2.0% in the 1st quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company's stock valued at $223,248,000 after purchasing an additional 132,234 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Axalta Coating Systems by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company's stock worth $137,344,000 after buying an additional 266,907 shares in the last quarter. Finally, Locust Wood Capital Advisers LLC raised its holdings in shares of Axalta Coating Systems by 15.4% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company's stock worth $129,810,000 after buying an additional 520,844 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target on the stock. in a research note on Friday, July 18th. JPMorgan Chase & Co. cut Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $42.00 to $32.00 in a report on Thursday, May 8th. Morgan Stanley lowered their target price on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Wells Fargo & Company dropped 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 report on Tuesday, July 1st. Finally, Citigroup reissued a "neutral" rating and set a $34.00 price target (down from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and an average price target of $37.71.

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 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 transaction, the senior vice president owned 12,087 shares of the company's stock, valued at approximately $375,422.22. This represents a 20.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Axalta Coating Systems Stock Up 0.1%

Shares of NYSE AXTA opened at $31.50 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27. Axalta Coating Systems Ltd. has a 12-month low of $27.58 and a 12-month high of $41.65. The firm's 50-day simple moving average is $29.93 and its 200 day simple moving average is $31.81.

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 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 company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The company's 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. On average, research analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal 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.

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