Knightsbridge Asset Management LLC Has $6.11 Million Holdings in Axalta Coating Systems Ltd. $AXTA

Knightsbridge Asset Management LLC cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.9% in the 1st quarter, HoldingsChannel reports. The fund owned 184,230 shares of the specialty chemicals company’s stock after selling 13,571 shares during the quarter. Axalta Coating Systems makes up 1.5% of Knightsbridge Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. Knightsbridge Asset Management LLC’s holdings in Axalta Coating Systems were worth $6,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AXTA. Financial Management Professionals Inc. lifted its position in 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 acquiring an additional 823 shares during the last quarter. Golden State Wealth Management LLC lifted its position in 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 acquiring an additional 488 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in 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 acquiring an additional 1,199 shares during the last quarter. UMB Bank n.a. lifted its position in 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 acquiring an additional 651 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in 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 acquiring an additional 401 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 of the company’s stock, valued at approximately $375,422.22. This represents a 20.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $31.78 on Friday. The company has a 50 day moving average of $30.14 and a 200-day moving average of $31.48. 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 company has a market cap of $6.88 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. The firm’s quarterly 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 forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on AXTA shares. Citigroup reissued a “neutral” rating and issued a $34.00 price objective (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Mizuho cut 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 report on Tuesday, July 15th. BMO Capital Markets downgraded shares of Axalta Coating Systems from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $51.00 to $33.00 in a report on Wednesday, July 16th. Wells Fargo & Company cut their price objective on shares of Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. Finally, Barclays cut their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, May 15th. One equities research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.