NBC Securities Inc. Increases Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Key Points

• NBC Securities Inc. dramatically increased its holdings in Axalta Coating Systems by 14,973.5% in the second quarter, owning 30,147 shares valued at approximately $895,000 as of the latest SEC filing.
• Analysts have issued mixed ratings for Axalta, with Zacks upgrading it from a "strong sell" to a "hold," while BMO Capital Markets lowered its rating and price target from $51 to $33.
• Axalta reported $0.64 EPS for the last quarter, exceeding the estimate of $0.61, but experienced a 3.4% decline in revenue compared to the previous year.

NBC Securities Inc. grew its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 14,973.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,147 shares of the specialty chemicals company's stock after purchasing an additional 29,947 shares during the quarter. NBC Securities Inc.'s holdings in Axalta Coating Systems were worth $895,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Axalta Coating Systems by 3.2% during the first quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company's stock valued at $386,000,000 after purchasing an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of 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 during the period. Wellington Management Group LLP boosted its stake in shares of Axalta Coating Systems by 2.0% during the first 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 lifted its stake in Axalta Coating Systems by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company's stock worth $137,344,000 after acquiring an additional 266,907 shares during the period. Finally, Locust Wood Capital Advisers LLC lifted its stake in Axalta Coating Systems by 15.4% in the first quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company's stock worth $129,810,000 after acquiring an additional 520,844 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Performance

NYSE:AXTA traded down $0.42 during midday trading on Friday, hitting $30.27. The company's stock had a trading volume of 4,472,668 shares, compared to its average volume of 2,117,289. Axalta Coating Systems Ltd. has a fifty-two week low of $27.58 and a fifty-two week high of $41.65. The firm's 50 day moving average is $30.23 and its 200-day moving average is $31.14. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53. The firm has a market cap of $6.55 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.76 and a beta of 1.28.

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 EPS for the quarter, topping 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 business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. The business'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 anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

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 approximately $375,422.22. This represents a 20.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXTA. Deutsche Bank Aktiengesellschaft lowered 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 note on Friday, July 18th. Citigroup reaffirmed a "neutral" rating and issued a $34.00 price objective (down from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. BMO Capital Markets lowered shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $51.00 to $33.00 in a research note on Wednesday, July 16th. Zacks Research raised shares of Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Mizuho decreased their price target on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.71.

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.