Point72 Europe London LLP Acquires New Position in Axalta Coating Systems Ltd. $AXTA

Key Points

• Point72 Europe London LLP has acquired a new stake in Axalta Coating Systems Ltd., purchasing 205,775 shares valued at approximately $6.83 million, representing about 0.09% ownership of the company.
• Several institutional investors, including MetLife Investment Management LLC and the State of Wyoming, have significantly increased their stakes in Axalta, indicating growing interest in the specialty chemicals firm.
• Axalta Coating Systems reported a quarterly EPS of $0.64, slightly beating analysts' expectations, but its revenue decreased by 3.4% year-over-year, raising some concerns among investors.

Point72 Europe London LLP bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 205,775 shares of the specialty chemicals company's stock, valued at approximately $6,826,000. Point72 Europe London LLP owned about 0.09% of Axalta Coating Systems at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. State of Wyoming boosted its holdings in Axalta Coating Systems by 42.4% in the 1st quarter. State of Wyoming now owns 14,439 shares of the specialty chemicals company's stock valued at $479,000 after purchasing an additional 4,296 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of Axalta Coating Systems by 37.6% in the 1st quarter. Trexquant Investment LP now owns 257,111 shares of the specialty chemicals company's stock worth $8,528,000 after acquiring an additional 70,263 shares during the last quarter. Landscape Capital Management L.L.C. lifted its holdings in shares of Axalta Coating Systems by 58.3% in the 1st quarter. Landscape Capital Management L.L.C. now owns 43,509 shares of the specialty chemicals company's stock worth $1,443,000 after acquiring an additional 16,022 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Axalta Coating Systems by 327.5% in the 1st quarter. MetLife Investment Management LLC now owns 525,469 shares of the specialty chemicals company's stock worth $17,430,000 after acquiring an additional 402,552 shares during the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of Axalta Coating Systems by 8.8% in the 1st quarter. Walleye Capital LLC now owns 667,682 shares of the specialty chemicals company's stock worth $22,147,000 after acquiring an additional 53,866 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Axalta Coating Systems

In related news, SVP Amy Tufano sold 3,194 shares of the 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 transaction, the senior vice president directly owned 12,087 shares of the company's stock, valued at $375,422.22. This trade represents a 20.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

Axalta Coating Systems Trading Up 0.9%

NYSE AXTA opened at $31.24 on Friday. 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's fifty day moving average price is $30.00 and its 200 day moving average price is $31.69. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 1.81 and a beta of 1.27. Axalta Coating Systems Ltd. has a 12 month low of $27.58 and a 12 month high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, beating 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 was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $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. On average, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AXTA shares. BMO Capital Markets lowered shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from $51.00 to $33.00 in a report on Wednesday, July 16th. Wells Fargo & Company reduced their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Mizuho reduced their target price on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. Royal Bank Of Canada reduced their target price on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Finally, Wall Street Zen lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Axalta Coating Systems has a consensus rating of "Moderate Buy" and an average 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.

Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.