Swiss National Bank Has $14.01 Million Stake in Axalta Coating Systems Ltd. $AXTA

Key Points

• The Swiss National Bank reduced its stake in Axalta Coating Systems by 1.9%, owning 422,500 shares valued at approximately $14 million after selling 8,200 shares.
• Axalta Coating Systems reported earnings of $0.64 per share for the last quarter, exceeding analysts' expectations despite a revenue decline of 3.4% year-over-year.
• Analysts have recently adjusted price targets for Axalta, with BMO Capital Markets lowering their target from $51 to $33, contributing to a consensus price target of $37.71 among equity research firms.

Swiss National Bank cut its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 1.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 422,500 shares of the specialty chemicals company's stock after selling 8,200 shares during the quarter. Swiss National Bank owned 0.19% of Axalta Coating Systems worth $14,014,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AXTA. Financial Management Professionals Inc. grew its holdings in shares of 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 worth $28,000 after buying an additional 823 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of 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 worth $31,000 after buying an additional 488 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 worth $44,000 after buying an additional 1,199 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of 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 worth $91,000 after buying an additional 651 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of 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 worth $123,000 after buying an additional 401 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXTA has been the subject of a number of research reports. Barclays decreased their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft cut Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target for the company. in a research report on Friday, July 18th. Citigroup reissued a "neutral" rating and set a $34.00 price target (down from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Wall Street Zen cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley reduced their price target on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research 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 given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $37.71.

Axalta Coating Systems Stock Performance

Shares of AXTA traded up $0.6150 during mid-day trading on Tuesday, reaching $31.1050. The company's stock had a trading volume of 1,187,251 shares, compared to its average volume of 2,415,168. Axalta Coating Systems Ltd. has a 1-year low of $27.58 and a 1-year high of $41.65. The stock has a market cap of $6.74 billion, a P/E ratio of 15.25, a PEG ratio of 1.76 and a beta of 1.27. The business has a 50-day simple moving average of $29.72 and a two-hundred day simple moving average of $32.03. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the firm posted $0.57 earnings per share. The business'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, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

About Axalta Coating Systems

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.