Axalta Coating Systems Ltd. $AXTA Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 159.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,651 shares of the specialty chemicals company’s stock after purchasing an additional 24,345 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Axalta Coating Systems were worth $1,224,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. boosted its holdings in 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 purchasing an additional 823 shares in the last quarter. Golden State Wealth Management LLC boosted 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 purchasing an additional 488 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted 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 purchasing an additional 1,199 shares in the last quarter. UMB Bank n.a. boosted its holdings in Axalta Coating Systems by 31.1% in 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 in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Axalta Coating Systems by 12.1% in the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 401 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Up 2.1%

NYSE:AXTA opened at $28.60 on Wednesday. The stock has a fifty day moving average price of $30.03 and a two-hundred day moving average price of $30.87. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.63 and a beta of 1.28. 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 $27.37 and a 1 year high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.Axalta Coating Systems’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. As a group, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AXTA shares. BMO Capital Markets cut Axalta Coating Systems from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $51.00 to $33.00 in a research note on Wednesday, July 16th. Royal Bank Of Canada reduced their price objective 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. Deutsche Bank Aktiengesellschaft cut Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research note on Friday, July 18th. Wells Fargo & Company reduced their price objective on Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Tuesday, July 1st. Finally, Citigroup reiterated a “neutral” rating and issued a $34.00 price objective (down previously from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.71.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the 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 transaction, the senior vice president owned 12,087 shares in the company, valued at approximately $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

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.