Maverick Capital Ltd. Acquires 11,997 Shares of Axalta Coating Systems Ltd. $AXTA

Key Points

• Maverick Capital Ltd. increased its stake in Axalta Coating Systems by 142.2%, acquiring a total of 20,434 shares worth approximately $678,000.
• Other institutional investors, including JPMorgan Chase & Co. and Fuller & Thaler Asset Management Inc., also raised their holdings in Axalta, indicating strong institutional interest in the company.
• Axalta reported a net margin of 8.58% and earnings of $0.64 per share for the last quarter, slightly beating analyst expectations.

Maverick Capital Ltd. boosted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 142.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,434 shares of the specialty chemicals company's stock after acquiring an additional 11,997 shares during the quarter. Maverick Capital Ltd.'s holdings in Axalta Coating Systems were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Management Professionals Inc. grew its stake in shares of Axalta Coating Systems by 11,757.1% in the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 823 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Axalta Coating Systems by 105.9% during the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 488 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Axalta Coating Systems by 951.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 1,199 shares in the last quarter. UMB Bank n.a. grew its stake in Axalta Coating Systems by 31.1% during the first quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock worth $91,000 after buying an additional 651 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Axalta Coating Systems by 12.1% during the 1st quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock worth $123,000 after buying an additional 401 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AXTA shares. Deutsche Bank Aktiengesellschaft downgraded 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. Citigroup restated a "neutral" rating and issued a $34.00 price target (down from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. BMO Capital Markets downgraded shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $51.00 to $33.00 in a research note on Wednesday, July 16th. Royal Bank Of Canada reduced 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 research note on Friday, August 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given 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 an average rating of "Moderate Buy" and an average target price of $37.71.

Axalta Coating Systems Trading Up 1.8%

Shares of NYSE AXTA traded up $0.55 during midday trading on Friday, reaching $31.78. The stock had a trading volume of 2,552,891 shares, compared to its average volume of 2,391,272. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. Axalta Coating Systems Ltd. has a twelve month low of $27.58 and a twelve month high of $41.65. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12. The company's 50 day moving average price is $30.14 and its 200 day moving average price is $31.52.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. 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, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Insider Activity

In other news, SVP Amy Tufano sold 3,194 shares of Axalta Coating Systems 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 completion of the sale, the senior vice president owned 12,087 shares in the company, valued at $375,422.22. The trade was a 20.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.30% of the company's stock.

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.