Fifth Third Bancorp Sells 502 Shares of Axalta Coating Systems Ltd. $AXTA

Fifth Third Bancorp reduced its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 13.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,202 shares of the specialty chemicals company’s stock after selling 502 shares during the quarter. Fifth Third Bancorp’s holdings in Axalta Coating Systems were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its holdings in Axalta Coating Systems by 11,757.1% during the 1st quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 823 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in 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. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in 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. UMB Bank n.a. raised its holdings in Axalta Coating Systems by 31.1% during the 1st quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company’s stock worth $91,000 after purchasing an additional 651 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in 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. 98.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Axalta Coating Systems Price Performance

NYSE AXTA opened at $28.10 on Thursday. The business has a 50 day simple moving average of $30.00 and a 200 day simple moving average of $30.85. Axalta Coating Systems Ltd. has a 52-week low of $27.37 and a 52-week high of $41.65. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.66 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 for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. The business’s revenue 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. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AXTA. BMO Capital Markets cut Axalta Coating Systems from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $51.00 to $33.00 in a report on Wednesday, July 16th. Mizuho lowered their price target on Axalta Coating Systems from $39.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, July 15th. Royal Bank Of Canada lowered their price target 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 target for the company. in a research note on Friday, July 18th. Finally, Wells Fargo & Company lowered their price target 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.71.

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.