Strs Ohio Acquires Shares of 343,024 Axalta Coating Systems Ltd. $AXTA

Key Points

• Strs Ohio acquired 343,024 shares of Axalta Coating Systems, valued at approximately $11.38 million, increasing their ownership to 0.16% as of the latest SEC filing.
• Insider trading reveals that SVP Amy Tufano sold 3,194 shares at an average price of $31.06, significantly reducing her ownership by 20.90%.
• Analysts have issued mixed ratings for Axalta Coating Systems, with a consensus target price of $37.71 and varied recommendations ranging from "Strong Buy" to "Hold".

Strs Ohio purchased a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 343,024 shares of the specialty chemicals company's stock, valued at approximately $11,378,000. Strs Ohio owned about 0.16% of Axalta Coating Systems at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Axalta Coating Systems by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company's stock worth $386,000,000 after buying an additional 356,143 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Axalta Coating Systems by 29.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 7,250,351 shares of the specialty chemicals company's stock worth $240,494,000 after acquiring an additional 1,663,261 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Axalta Coating Systems by 2.0% in the first quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company's stock valued at $223,248,000 after buying an additional 132,234 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Axalta Coating Systems by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company's stock valued at $137,344,000 after acquiring an additional 266,907 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC grew its stake in shares of Axalta Coating Systems by 15.4% during the first quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company's stock worth $129,810,000 after buying an additional 520,844 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AXTA shares. Deutsche Bank Aktiengesellschaft lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Friday, July 18th. Wells Fargo & Company decreased 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 research report on Tuesday, July 1st. Royal Bank Of Canada dropped their price objective on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday, August 1st. Zacks Research raised shares of Axalta Coating Systems from a "strong sell" rating to a "hold" rating in a report on Monday, September 8th. Finally, Mizuho lowered their price objective on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. One equities research 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, Axalta Coating Systems has an average rating of "Moderate Buy" and an average target price of $37.71.

Axalta Coating Systems Stock Up 0.6%

Shares of AXTA stock traded up $0.19 during trading hours on Thursday, reaching $30.69. 3,012,828 shares of the stock were exchanged, compared to its average volume of 2,095,577. 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 has a market capitalization of $6.65 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.77 and a beta of 1.28. The business's fifty day moving average is $30.24 and its two-hundred day moving average is $31.20. 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 released 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 company had revenue of $1.32 billion during 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%.Axalta Coating Systems's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $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, research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Activity

In related 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 transaction of $99,205.64. Following the completion of the transaction, the senior vice president owned 12,087 shares of the company's stock, valued at $375,422.22. This trade represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company's stock.

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.