Great Lakes Advisors LLC Invests $12.91 Million in Axalta Coating Systems Ltd. $AXTA

Key Points

• Great Lakes Advisors LLC acquired a new stake in Axalta Coating Systems Ltd., purchasing 389,208 shares valued at approximately $12.91 million during the 1st quarter.
• Several large investors, including GAMMA Investing LLC and New York State Teachers Retirement System, have increased their positions in Axalta, demonstrating strong institutional interest with 98.28% of the company's stock held by institutional investors.
• Axalta's recent earnings report showed a quarterly EPS of $0.64, exceeding expectations, but revenue decreased by 3.4% from the previous year, prompting various analysts to adjust their price targets for the stock.

Great Lakes Advisors LLC purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 389,208 shares of the specialty chemicals company's stock, valued at approximately $12,910,000. Great Lakes Advisors LLC owned approximately 0.18% of Axalta Coating Systems at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AXTA. Nuveen LLC bought a new stake in shares of Axalta Coating Systems in the first quarter valued at about $57,682,000. SG Americas Securities LLC bought a new stake in shares of Axalta Coating Systems in the first quarter valued at about $55,876,000. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Axalta Coating Systems by 29.8% in 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. Millennium Management LLC lifted its holdings in shares of Axalta Coating Systems by 89.0% in the first quarter. Millennium Management LLC now owns 3,087,211 shares of the specialty chemicals company's stock valued at $102,403,000 after purchasing an additional 1,453,551 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Axalta Coating Systems by 144.7% in 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. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Performance

NYSE:AXTA traded down $0.54 on Friday, hitting $31.25. The company's stock had a trading volume of 1,277,378 shares, compared to its average volume of 2,215,046. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47. The stock has a fifty day moving average of $30.23 and a two-hundred day moving average of $31.27. The firm has a market capitalization of $6.77 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. Axalta Coating Systems Ltd. has a one year low of $27.58 and a one year high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

AXTA has been the topic of a number of research reports. Wells Fargo & Company cut their price target on Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Mizuho dropped their target price on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. Citigroup reiterated a "neutral" rating and set a $34.00 target price (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Royal Bank Of Canada dropped their target price on Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Friday, July 18th. One research 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $37.71.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by corporate 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.