Walleye Capital LLC Boosts Holdings in Axalta Coating Systems Ltd. $AXTA

Key Points

• Walleye Capital LLC has increased its stake in Axalta Coating Systems by 8.8%, now owning approximately 0.31% of the company, valued at over $22 million.
• Several major institutional investors, including JPMorgan Chase & Co. and Fuller & Thaler Asset Management, have also boosted their stakes in Axalta Coating Systems during the same period, indicating strong institutional interest.
• Analysts have recently downgraded Axalta's target price, with consensus estimates falling to around $37.71, while the company reported an EPS of $0.64, exceeding analyst expectations.

Walleye Capital LLC boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 667,682 shares of the specialty chemicals company's stock after purchasing an additional 53,866 shares during the quarter. Walleye Capital LLC owned about 0.31% of Axalta Coating Systems worth $22,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on AXTA. Morgan Stanley lowered their target price on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. BMO Capital Markets cut shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $51.00 to $33.00 in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft cut 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. Royal Bank Of Canada lowered 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 report on Friday, August 1st. Finally, Wells Fargo & Company lowered 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Axalta Coating Systems has a consensus rating of "Moderate Buy" and a consensus price target of $37.71.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $31.8160 on Friday. The stock has a market cap of $6.89 billion, a PE ratio of 15.60, a PEG ratio of 1.85 and a beta of 1.27. Axalta Coating Systems Ltd. has a 52 week low of $27.58 and a 52 week high of $41.65. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47. The company's fifty day moving average is $29.80 and its 200 day moving average is $31.90.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $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. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of Axalta Coating Systems stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total transaction of $99,205.64. Following the sale, the senior vice president owned 12,087 shares of the company's stock, valued at approximately $375,422.22. The trade was a 20.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.

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