Signaturefd LLC Sells 1,276 Shares of Axalta Coating Systems Ltd. $AXTA

Signaturefd LLC decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 37.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,120 shares of the specialty chemicals company’s stock after selling 1,276 shares during the period. Signaturefd LLC’s holdings in Axalta Coating Systems were worth $63,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Axalta Coating Systems by 3.2% during the first quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company’s stock worth $386,000,000 after acquiring an additional 356,143 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Axalta Coating Systems by 29.8% during the first 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 last quarter. Wellington Management Group LLP boosted its holdings in Axalta Coating Systems by 2.0% during the first quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company’s stock worth $223,248,000 after purchasing an additional 132,234 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 worth $137,344,000 after purchasing an additional 266,907 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC boosted its holdings 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 worth $129,810,000 after purchasing an additional 520,844 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Insider Buying and Selling

In related news, SVP Amy Tufano sold 3,194 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $31.06, for a total transaction of $99,205.64. Following the transaction, the senior vice president directly owned 12,087 shares of the company’s stock, valued at approximately $375,422.22. This trade represents a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

AXTA has been the subject of several recent research reports. Mizuho reduced their target price on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a report on Saturday, September 27th. Citigroup restated a “neutral” rating and set a $34.00 target price (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Zacks Research upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Finally, Wells Fargo & Company reduced their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. Seven research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Axalta Coating Systems presently has an average rating of “Hold” and an average target price of $36.50.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $28.24 on Monday. The firm has a market capitalization of $6.12 billion, a PE ratio of 13.84, a PEG ratio of 1.64 and a beta of 1.25. The company’s 50-day moving average is $29.94 and its 200-day moving average is $30.71. Axalta Coating Systems Ltd. has a fifty-two week low of $27.37 and a fifty-two week high of $41.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.03. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The company’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm 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 forecast 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.