State of Alaska Department of Revenue Sells 1,010 Shares of Axalta Coating Systems Ltd. $AXTA

State of Alaska Department of Revenue trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,530 shares of the specialty chemicals company’s stock after selling 1,010 shares during the period. State of Alaska Department of Revenue’s holdings in Axalta Coating Systems were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in shares of Axalta Coating Systems by 105.9% during 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Axalta Coating Systems by 951.6% during 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 acquiring an additional 1,199 shares during 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 acquiring an additional 651 shares during the last quarter. Fifth Third Bancorp raised its stake 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 valued at $123,000 after acquiring an additional 401 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of Axalta Coating Systems by 72.3% during the first quarter. Headlands Technologies LLC now owns 5,635 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 2,365 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

Insider Activity at Axalta Coating Systems

In other 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 transaction of $99,205.64. Following the sale, the senior vice president owned 12,087 shares in the company, valued at $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by insiders.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $27.34 on Wednesday. The stock has a market cap of $5.92 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 1.64 and a beta of 1.25. 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 fifty-two week low of $27.24 and a fifty-two week high of $41.65. The firm’s 50-day simple moving average is $29.90 and its two-hundred day simple moving average is $30.65.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data 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. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior 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. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AXTA. Royal Bank Of Canada lowered their price objective on shares of 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. Citigroup raised shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and upped their price objective for the company from $32.00 to $34.00 in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Saturday, September 27th. Zacks Research upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Finally, BMO Capital Markets cut shares of Axalta Coating Systems from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $51.00 to $33.00 in a research report on Wednesday, July 16th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.50.

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.