Northern Trust Corp Has $66.09 Million Position in Axalta Coating Systems Ltd. $AXTA

Key Points

• Northern Trust Corp increased its holdings in Axalta Coating Systems by 4.1% in the first quarter, owning nearly 2 million shares valued at approximately $66 million.
• Insider activity included SVP Amy Tufano selling 3,194 shares for about $99,205, reducing her ownership by 20.90%.
• Axalta Coating Systems reported a net margin of 8.58% and a return on equity of 25.32% for the quarter ending July 30, though revenue was down 3.4% year-over-year.

Northern Trust Corp grew its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 4.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,992,499 shares of the specialty chemicals company's stock after purchasing an additional 78,915 shares during the period. Northern Trust Corp owned approximately 0.91% of Axalta Coating Systems worth $66,091,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ProShare Advisors LLC raised its holdings in shares of Axalta Coating Systems by 2.9% during the fourth quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock worth $419,000 after acquiring an additional 343 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Axalta Coating Systems by 12.1% during the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock worth $123,000 after acquiring an additional 401 shares in the last quarter. Xponance Inc. raised its holdings in shares of Axalta Coating Systems by 1.6% during the first quarter. Xponance Inc. now owns 25,360 shares of the specialty chemicals company's stock worth $841,000 after acquiring an additional 407 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Axalta Coating Systems by 3.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,691 shares of the specialty chemicals company's stock worth $469,000 after acquiring an additional 431 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of 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 acquiring an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on AXTA shares. The Goldman Sachs Group cut their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Wall Street Zen lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a report on Friday, July 18th. Mizuho cut their price objective on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a report on Tuesday, July 15th. Finally, Morgan Stanley cut their price objective on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.71.

Insider Activity

In other news, SVP Amy Tufano sold 3,194 shares of the firm's stock in a transaction dated 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 directly owned 12,087 shares of the company's stock, valued at approximately $375,422.22. This trade represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Axalta Coating Systems Stock Up 0.9%

Axalta Coating Systems stock traded up $0.28 during mid-day trading on Friday, hitting $31.24. 1,300,096 shares of the company's stock were exchanged, compared to its average volume of 2,415,984. 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 market cap of $6.77 billion, a P/E ratio of 15.31, a P/E/G ratio of 1.83 and a beta of 1.27. Axalta Coating Systems Ltd. has a 1-year low of $27.58 and a 1-year high of $41.65. The stock has a 50 day moving average of $29.96 and a two-hundred day moving average of $31.77.

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, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The firm's revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $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. As a group, analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

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.