Truist Financial Corp Buys 556 Shares of Axalta Coating Systems Ltd. $AXTA

Truist Financial Corp raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,426 shares of the specialty chemicals company’s stock after purchasing an additional 556 shares during the quarter. Truist Financial Corp’s holdings in Axalta Coating Systems were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AXTA. Public Employees Retirement System of Ohio raised its holdings in shares of Axalta Coating Systems by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 72,794 shares of the specialty chemicals company’s stock worth $2,161,000 after purchasing an additional 724 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Axalta Coating Systems by 11.3% in the 2nd quarter. Park Avenue Securities LLC now owns 24,773 shares of the specialty chemicals company’s stock valued at $736,000 after purchasing an additional 2,506 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Axalta Coating Systems by 29.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 134,443 shares of the specialty chemicals company’s stock valued at $3,992,000 after purchasing an additional 30,617 shares during the last quarter. Shelton Wealth Management LLC lifted its holdings in shares of Axalta Coating Systems by 15.7% in the 2nd quarter. Shelton Wealth Management LLC now owns 29,910 shares of the specialty chemicals company’s stock worth $888,000 after acquiring an additional 4,062 shares during the last quarter. Finally, Perpetual Ltd increased its stake in Axalta Coating Systems by 5.4% during the 2nd quarter. Perpetual Ltd now owns 708,432 shares of the specialty chemicals company’s stock worth $21,033,000 after buying an additional 36,243 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 transaction of $99,205.64. Following the transaction, the senior vice president owned 12,087 shares in the company, valued at $375,422.22. This trade represents a 20.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

AXTA has been the topic of a number of recent analyst reports. Vertical Research set a $37.00 price objective on shares of Axalta Coating Systems and gave the company a “buy” rating in a research report on Wednesday. Bank of America dropped their target price on shares of Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a report on Friday, July 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price target on shares of Axalta Coating Systems from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Axalta Coating Systems currently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

Axalta Coating Systems Stock Up 2.5%

AXTA opened at $28.46 on Friday. Axalta Coating Systems Ltd. has a 1-year low of $26.28 and a 1-year high of $41.65. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of 1.51 and a beta of 1.25. The business has a 50 day moving average of $29.72 and a 200-day moving average of $30.29.

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 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 business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company 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 year.

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.