Graham Capital Management L.P. Reduces Position in Axalta Coating Systems Ltd. $AXTA

Key Points

• Graham Capital Management L.P. has reduced its stake in Axalta Coating Systems by 59.8% in Q1, holding 41,750 shares after selling 62,013 shares during the period, valuing its remaining stake at approximately $1.39 million.
• Other large investors, including Nuveen LLC and SG Americas Securities LLC, have recently acquired significant stakes in Axalta, with 98.28% of the stock owned by hedge funds and institutional investors.
• AXTA's shares recently opened at $31.04, with a market cap of $6.72 billion, and its earnings report revealed a quarterly EPS of $0.64, exceeding analysts' expectations, despite a 3.4% year-over-year revenue decline.

Graham Capital Management L.P. lessened its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 59.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,750 shares of the specialty chemicals company's stock after selling 62,013 shares during the period. Graham Capital Management L.P.'s holdings in Axalta Coating Systems were worth $1,385,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AXTA. Nuveen LLC purchased a new stake in shares of Axalta Coating Systems in the 1st quarter valued at $57,682,000. SG Americas Securities LLC purchased a new stake in shares of Axalta Coating Systems in the 1st quarter valued at $55,876,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Axalta Coating Systems by 29.8% in the 1st 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 acquiring an additional 1,663,261 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Axalta Coating Systems by 144.7% in the 4th quarter. Deutsche Bank AG now owns 1,950,902 shares of the specialty chemicals company's stock valued at $66,760,000 after acquiring an additional 1,153,620 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Axalta Coating Systems by 1,717.5% in the 4th quarter. Point72 Asset Management L.P. now owns 921,482 shares of the specialty chemicals company's stock valued at $31,533,000 after acquiring an additional 870,782 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AXTA has been the topic of several recent research reports. Citigroup reaffirmed a "neutral" rating and issued a $34.00 price objective (down from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. BMO Capital Markets downgraded shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $51.00 to $33.00 in a report on Wednesday, July 16th. Royal Bank Of Canada decreased 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. Barclays decreased 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. Finally, Deutsche Bank Aktiengesellschaft cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and an average price target of $37.71.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $31.04 on Wednesday. The firm has a 50-day simple moving average of $30.06 and a 200-day simple moving average of $31.60. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. 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 Ltd. has a 52 week low of $27.58 and a 52 week high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its 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. The business 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 company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $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. On average, equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Activity at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total value of $99,205.64. Following the completion of the sale, the senior vice president directly owned 12,087 shares in the company, valued at $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by company insiders.

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.

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