Nuveen LLC Makes New Investment in Axalta Coating Systems Ltd. $AXTA

Key Points

• Nuveen LLC has invested approximately $57.68 million in Axalta Coating Systems Ltd., acquiring 1,738,977 shares, now representing 0.80% of the company.
• Axalta Coating Systems reported earnings per share (EPS) of $0.64 for the last quarter, exceeding analysts' estimates, although revenue decreased by 3.4% compared to the previous year.
• Analyst ratings for Axalta indicate a consensus of "Moderate Buy" with an average price target of $37.71, while several firms have adjusted their price targets downward recently.

Nuveen LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,738,977 shares of the specialty chemicals company's stock, valued at approximately $57,682,000. Nuveen LLC owned approximately 0.80% of Axalta Coating Systems as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its position in Axalta Coating Systems by 11,757.1% during the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 823 shares in the last quarter. Golden State Wealth Management LLC raised its position 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 valued at $31,000 after purchasing an additional 488 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position 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 valued at $44,000 after purchasing an additional 1,199 shares in the last quarter. UMB Bank n.a. raised its position 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 valued at $91,000 after purchasing an additional 651 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in 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 valued at $123,000 after purchasing an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AXTA shares. Morgan Stanley lowered their price target on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Royal Bank Of Canada decreased their price objective 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. Mizuho decreased their price objective 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. Finally, Barclays decreased their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. One 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. Based on data from MarketBeat.com, Axalta Coating Systems has an average rating of "Moderate Buy" and an average target price of $37.71.

Axalta Coating Systems Trading Up 1.9%

NYSE:AXTA traded up $0.5850 during mid-day trading on Tuesday, reaching $31.0750. 1,325,227 shares of the company's stock traded hands, compared to its average volume of 2,416,733. Axalta Coating Systems Ltd. has a 12-month low of $27.58 and a 12-month high of $41.65. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.76 and a beta of 1.27. 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 company has a 50 day moving average price of $29.72 and a 200-day moving average price of $32.03.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $0.57 EPS. Axalta Coating Systems's 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. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current 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.