Pallas Capital Advisors LLC Makes New $286,000 Investment in Axalta Coating Systems Ltd. $AXTA

Key Points

• Pallas Capital Advisors LLC acquired a new stake in Axalta Coating Systems, purchasing 9,643 shares valued at approximately $286,000, as reported in their recent 13F filing.
• Axalta Coating Systems' stock ratings have fluctuated, with analysts from Deutsche Bank and BMO Capital Markets lowering their ratings and price targets, yet the consensus remains a "Moderate Buy" with an average target price of $37.71.
• The company reported earnings of $0.64 per share in its last quarter, surpassing estimates, although revenue was down 3.4% compared to the previous year.

Pallas Capital Advisors LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,643 shares of the specialty chemicals company's stock, valued at approximately $286,000.

Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in shares of Axalta Coating Systems by 2.9% in the fourth quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock valued at $419,000 after buying an additional 343 shares during the period. Fifth Third Bancorp increased its stake in shares of Axalta Coating Systems by 12.1% in the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock valued at $123,000 after buying an additional 401 shares during the period. Xponance Inc. increased its stake in shares of Axalta Coating Systems by 1.6% in the first quarter. Xponance Inc. now owns 25,360 shares of the specialty chemicals company's stock valued at $841,000 after buying an additional 407 shares during the period. Golden State Wealth Management LLC increased its stake in shares of Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 488 shares during the period. Finally, State of Michigan Retirement System increased its stake in shares of Axalta Coating Systems by 1.2% in the first quarter. State of Michigan Retirement System now owns 52,200 shares of the specialty chemicals company's stock valued at $1,731,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research firms have recently issued reports on AXTA. Mizuho lowered their price objective on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a research note on Tuesday, July 15th. Wells Fargo & Company decreased their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. BMO Capital Markets downgraded shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $51.00 to $33.00 in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 target price for the company. in a research report on Friday, July 18th. Finally, Citigroup reissued a "neutral" rating and set a $34.00 target price (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $37.71.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock traded down $0.23 during trading hours on Monday, hitting $30.04. 4,632,571 shares of the company's stock traded hands, compared to its average volume of 2,148,402. Axalta Coating Systems Ltd. has a 12-month low of $27.58 and a 12-month high of $41.65. The stock has a market capitalization of $6.51 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.76 and a beta of 1.28. The company has a fifty day simple moving average of $30.22 and a 200-day simple moving average of $31.08. 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 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. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $0.57 EPS. The business'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. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal 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.