Cullen Frost Bankers Inc. Purchases New Shares in Axalta Coating Systems Ltd. $AXTA

Cullen Frost Bankers Inc. purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,260 shares of the specialty chemicals company’s stock, valued at approximately $37,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in 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 valued at $386,000,000 after acquiring an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake 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 valued at $240,494,000 after acquiring an additional 1,663,261 shares during the period. Wellington Management Group LLP grew its stake in Axalta Coating Systems by 2.0% in the 1st quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company’s stock valued at $223,248,000 after acquiring an additional 132,234 shares during the period. Dimensional Fund Advisors LP grew its stake in Axalta Coating Systems by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company’s stock valued at $137,344,000 after acquiring an additional 266,907 shares during the period. Finally, Locust Wood Capital Advisers LLC raised its stake in Axalta Coating Systems by 15.4% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company’s stock valued at $129,810,000 after purchasing an additional 520,844 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AXTA shares. Deutsche Bank Aktiengesellschaft lowered Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a report on Friday, July 18th. Citigroup upgraded Axalta Coating Systems from a “neutral” rating to a “buy” rating and raised their price objective for the company from $32.00 to $34.00 in a report on Monday, October 6th. Bank of America decreased their price objective on Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Vertical Research set a $37.00 price objective on Axalta Coating Systems and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, BMO Capital Markets lowered Axalta Coating Systems from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $51.00 to $33.00 in a report on Wednesday, July 16th. Ten analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.75.

Axalta Coating Systems Stock Up 0.9%

Shares of AXTA opened at $29.08 on Monday. Axalta Coating Systems Ltd. has a 52-week low of $26.28 and a 52-week high of $41.65. The company has a market capitalization of $6.30 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25. The stock has a fifty day simple moving average of $29.60 and a two-hundred day simple moving average of $30.25. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) 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 business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $0.57 EPS. The company’s revenue for the quarter 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. As a group, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Insider Activity

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

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.