Price T Rowe Associates Inc. MD Boosts Stake in Axalta Coating Systems Ltd. $AXTA

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Axalta Coating Systems Ltd. by 1.2%, owning 1,785,263 shares valued at approximately $59.22 million.
• Axalta Coating Systems reported earnings of $0.64 per share for the last quarter, surpassing estimates, although revenue fell short of expectations at $1.32 billion.
• Analysts have mixed ratings for Axalta, with a consensus rating of "Moderate Buy" and a target price averaging $37.71.

Price T Rowe Associates Inc. MD increased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,785,263 shares of the specialty chemicals company's stock after purchasing an additional 21,290 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.82% of Axalta Coating Systems worth $59,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its position in Axalta Coating Systems by 2.9% during the 4th 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 position in Axalta Coating Systems by 12.1% during the 1st 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 during the period. Xponance Inc. increased its position in Axalta Coating Systems by 1.6% during the 1st quarter. Xponance Inc. now owns 25,360 shares of the specialty chemicals company's stock valued at $841,000 after purchasing an additional 407 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Axalta Coating Systems by 3.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,691 shares of the specialty chemicals company's stock valued at $469,000 after purchasing an additional 431 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Axalta Coating Systems by 105.9% during the 1st 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 during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.

Insider Activity at Axalta Coating Systems

In related news, SVP Amy Tufano sold 3,194 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $31.06, for a total transaction of $99,205.64. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by company insiders.

Axalta Coating Systems Stock Up 0.9%

Axalta Coating Systems stock traded up $0.28 on Monday, hitting $31.24. 1,300,096 shares of the stock traded hands, compared to its average volume of 2,645,609. Axalta Coating Systems Ltd. has a 1 year low of $27.58 and a 1 year high of $41.65. 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 business's fifty day simple moving average is $30.03 and its 200 day simple moving average is $31.61. The firm has a market cap of $6.77 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28.

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 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 the consensus estimate of $1.33 billion. During the same period last year, the company earned $0.57 earnings per share. The company's revenue was down 3.4% on a year-over-year basis. 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, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

AXTA has been the topic of a number of research analyst reports. BMO Capital Markets downgraded shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and reduced their price objective 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 price objective on the stock. in a research report on Friday, July 18th. Wells Fargo & Company reduced their price objective on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. The Goldman Sachs Group lowered their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Finally, Wall Street Zen lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently 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.