Ariel Investments LLC Sells 143,587 Shares of Axalta Coating Systems Ltd. $AXTA

Ariel Investments LLC decreased its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,981,974 shares of the specialty chemicals company’s stock after selling 143,587 shares during the quarter. Ariel Investments LLC owned 1.84% of Axalta Coating Systems worth $118,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Axalta Coating Systems by 3.2% in the 1st 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 during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Axalta Coating Systems by 29.8% in the 1st 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 period. Wellington Management Group LLP lifted its stake in Axalta Coating Systems by 2.0% in 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 lifted its stake in Axalta Coating Systems by 6.9% in 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, Geode Capital Management LLC boosted its position in Axalta Coating Systems by 0.3% during the second quarter. Geode Capital Management LLC now owns 3,849,202 shares of the specialty chemicals company’s stock valued at $114,301,000 after buying an additional 11,749 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $28.51 on Wednesday. The stock has a market cap of $6.08 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. The firm’s fifty day simple moving average is $28.61 and its 200 day simple moving average is $29.61. Axalta Coating Systems Ltd. has a twelve month low of $26.28 and a twelve month high of $39.95. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.64 by $0.03. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business earned $0.59 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS and its FY 2025 guidance at 2.500-2.500 EPS. As a group, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AXTA shares. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, October 29th. Wells Fargo & Company lifted their price target on Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $30.00 price objective (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Wednesday, November 19th. Zacks Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Axalta Coating Systems has an average rating of “Moderate Buy” and an average target price of $36.06.

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.