Savant Capital LLC Sells 2,379 Shares of Axalta Coating Systems Ltd. $AXTA

Savant Capital LLC trimmed its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 13.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,737 shares of the specialty chemicals company’s stock after selling 2,379 shares during the quarter. Savant Capital LLC’s holdings in Axalta Coating Systems were worth $467,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of AXTA. JPMorgan Chase & Co. grew 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 valued at $386,000,000 after purchasing an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Axalta Coating Systems by 29.8% during 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 during the period. Wellington Management Group LLP boosted its holdings in shares of 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 buying an additional 132,234 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Axalta Coating Systems by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company’s stock valued at $137,344,000 after buying an additional 266,907 shares during the period. Finally, Locust Wood Capital Advisers LLC grew its position in Axalta Coating Systems by 15.4% during the first quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company’s stock valued at $129,810,000 after buying an additional 520,844 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AXTA. Vertical Research set a $37.00 price target on shares of Axalta Coating Systems and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Wednesday, October 8th. Citigroup upped their price target on Axalta Coating Systems from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. cut their price target on Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company lifted their price objective on Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Moderate Buy” and a consensus price target of $36.38.

Insiders Place Their Bets

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total value of $99,205.64. Following the sale, the senior vice president directly owned 12,087 shares in the company, valued at $375,422.22. This represents a 20.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.30% of the company’s stock.

Axalta Coating Systems Stock Down 2.5%

Shares of NYSE AXTA opened at $28.92 on Monday. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $41.65. The business has a 50-day simple moving average of $28.89 and a two-hundred day simple moving average of $29.96. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. The company has a market cap of $6.17 billion, a P/E ratio of 13.84, a P/E/G ratio of 1.14 and a beta of 1.31.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The firm had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The company’s revenue was down 2.4% on a year-over-year basis. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal 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.