Landscape Capital Management L.L.C. Buys 16,022 Shares of Axalta Coating Systems Ltd. $AXTA

Key Points

• Landscape Capital Management L.L.C. has increased its stake in Axalta Coating Systems Ltd. by 58.3%, owning 43,509 shares valued at $1.44 million.
• As of now, 98.28% of Axalta Coating Systems' stock is owned by hedge funds and institutional investors.
• Axalta reported an earnings per share (EPS) of $0.64 for the last quarter, exceeding analysts' expectations by $0.03, despite a 3.4% decrease in quarterly revenue compared to the previous year.

Landscape Capital Management L.L.C. grew its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 58.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,509 shares of the specialty chemicals company's stock after purchasing an additional 16,022 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Axalta Coating Systems were worth $1,443,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AXTA. MetLife Investment Management LLC lifted its stake in Axalta Coating Systems by 327.5% during the first quarter. MetLife Investment Management LLC now owns 525,469 shares of the specialty chemicals company's stock worth $17,430,000 after purchasing an additional 402,552 shares during the period. Walleye Capital LLC boosted its stake in Axalta Coating Systems by 8.8% in the first quarter. Walleye Capital LLC now owns 667,682 shares of the specialty chemicals company's stock valued at $22,147,000 after acquiring an additional 53,866 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in Axalta Coating Systems by 372.7% in the first quarter. Campbell & CO Investment Adviser LLC now owns 43,044 shares of the specialty chemicals company's stock valued at $1,428,000 after purchasing an additional 33,938 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Axalta Coating Systems by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,785,263 shares of the specialty chemicals company's stock valued at $59,218,000 after purchasing an additional 21,290 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in shares of Axalta Coating Systems in the 1st quarter valued at $2,692,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were 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 of the company's stock, valued at $375,422.22. This trade represents a 20.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AXTA. BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and cut their target price for the company from $51.00 to $33.00 in a research note on Wednesday, July 16th. Royal Bank Of Canada lowered their price target on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Morgan Stanley lowered their price target 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. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Finally, Citigroup reiterated a "neutral" rating and set a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. One investment 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.com, Axalta Coating Systems has a consensus rating of "Moderate Buy" and a consensus target price of $37.71.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock traded down $0.23 on Tuesday, reaching $31.04. 2,155,031 shares of the company traded hands, compared to its average volume of 2,414,411. Axalta Coating Systems Ltd. has a 52 week low of $27.58 and a 52 week high of $41.65. The company has a 50 day moving average of $30.03 and a 200 day moving average of $31.61. The firm has a market capitalization of $6.72 billion, a PE ratio of 15.21, a PEG ratio of 1.81 and a beta of 1.28. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm's quarterly 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. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.