LPL Financial LLC Decreases Holdings in Axalta Coating Systems Ltd. $AXTA

LPL Financial LLC cut its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 45.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,990 shares of the specialty chemicals company’s stock after selling 37,390 shares during the quarter. LPL Financial LLC’s holdings in Axalta Coating Systems were worth $1,492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Financial Management Professionals Inc. grew its stake in shares of Axalta Coating Systems by 11,757.1% in the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 823 shares in the last quarter. Golden State Wealth Management LLC grew its position 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 in the last quarter. UMB Bank n.a. raised its stake in shares of 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 valued at $91,000 after purchasing an additional 651 shares during the period. Fifth Third Bancorp lifted its position in shares of 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 purchasing an additional 401 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Axalta Coating Systems by 397.4% during the fourth quarter. Quarry LP now owns 4,676 shares of the specialty chemicals company’s stock worth $160,000 after purchasing an additional 3,736 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 0.0%

Shares of NYSE:AXTA opened at $30.7150 on Friday. The company’s fifty day moving average is $29.74 and its two-hundred day moving average is $31.99. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12. Axalta Coating Systems Ltd. has a 1-year low of $27.58 and a 1-year high of $41.65. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 15.06, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. Equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 price target for the company. in a report on Friday, July 18th. Wall Street Zen downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. Wells Fargo & Company cut their price target on Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 1st. Barclays reduced their price target on Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, May 15th. Finally, Morgan Stanley dropped their price objective on Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $37.71.

Insider Buying and Selling

In other news, SVP Amy Tufano sold 3,194 shares of the firm’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 owned 12,087 shares of the company’s stock, valued at $375,422.22. This trade represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

About Axalta Coating Systems

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.