Axalta Coating Systems Ltd. $AXTA Shares Bought by Aurora Investment Counsel

Aurora Investment Counsel raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.5% in the 2nd quarter, Holdings Channel reports. The fund owned 57,162 shares of the specialty chemicals company’s stock after acquiring an additional 1,945 shares during the period. Aurora Investment Counsel’s holdings in Axalta Coating Systems were worth $1,697,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 488 shares during the period. IFP Advisors Inc acquired a new stake in Axalta Coating Systems in the second quarter valued at $39,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Axalta Coating Systems by 951.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock valued at $44,000 after acquiring an additional 1,199 shares during the period. Headlands Technologies LLC lifted its holdings in Axalta Coating Systems by 72.3% in the first quarter. Headlands Technologies LLC now owns 5,635 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 2,365 shares during the period. Finally, DAVENPORT & Co LLC acquired a new stake in Axalta Coating Systems in the first quarter valued at $204,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Amy Tufano sold 3,194 shares of Axalta Coating Systems stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $31.06, for a total value of $99,205.64. Following the transaction, the senior vice president owned 12,087 shares in the company, valued at approximately $375,422.22. This trade represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AXTA shares. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down previously from $47.00) on shares of Axalta Coating Systems in a research note on Thursday, October 2nd. Bank of America cut their price target on Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Zacks Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Vertical Research set a $37.00 price target on Axalta Coating Systems and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Citigroup raised Axalta Coating Systems from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $32.00 to $34.00 in a research note on Monday, October 6th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.75.

Axalta Coating Systems Trading Up 0.3%

Shares of AXTA stock opened at $28.54 on Tuesday. The firm’s 50-day simple moving average is $29.73 and its 200-day simple moving average is $30.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53. Axalta Coating Systems Ltd. has a 1-year low of $26.28 and a 1-year high of $41.65. The firm has a market cap of $6.18 billion, a P/E ratio of 13.99, a PEG ratio of 1.51 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned $0.57 EPS. Axalta Coating Systems’s revenue for the quarter 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 analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Axalta Coating Systems 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.