Verdence Capital Advisors LLC Has $494,000 Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Verdence Capital Advisors LLC boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,648 shares of the specialty chemicals company’s stock after buying an additional 849 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Axalta Coating Systems were worth $494,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its position in shares of Axalta Coating Systems by 105.9% during the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 488 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $39,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Axalta Coating Systems by 951.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 1,199 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Axalta Coating Systems by 12.1% during the 1st quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 401 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Axalta Coating Systems by 72.3% during the 1st quarter. Headlands Technologies LLC now owns 5,635 shares of the specialty chemicals company’s stock worth $187,000 after purchasing an additional 2,365 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AXTA has been the topic of several recent analyst reports. 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 report on Thursday, October 2nd. Vertical Research set a $37.00 price target on Axalta Coating Systems and gave the stock a “buy” rating in a research report on Wednesday. Royal Bank Of Canada reduced their target price on Axalta Coating Systems from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Wednesday, October 8th. Finally, BMO Capital Markets downgraded Axalta Coating Systems from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $51.00 to $33.00 in a research note on Wednesday, July 16th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and an average target price of $36.75.

Insider Transactions at Axalta Coating Systems

In related news, SVP Amy Tufano sold 3,194 shares of the business’s 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 completion of the sale, the senior vice president directly owned 12,087 shares in the company, valued at $375,422.22. The trade was a 20.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by company insiders.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $27.58 on Thursday. 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 Ltd. has a 12 month low of $26.28 and a 12 month high of $41.65. The stock has a 50 day moving average of $29.74 and a 200-day moving average of $30.39. The company has a market capitalization of $5.97 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.58 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. The business 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%.The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $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. As a group, equities research analysts predict 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.