Massachusetts Financial Services Co. MA Sells 528,442 Shares of Axalta Coating Systems Ltd. $AXTA

Massachusetts Financial Services Co. MA lessened its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,906,720 shares of the specialty chemicals company’s stock after selling 528,442 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.80% of Axalta Coating Systems worth $111,810,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC raised its position in shares of Axalta Coating Systems by 2.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $427,000 after purchasing an additional 368 shares during the period. Louisiana State Employees Retirement System increased its stake in Axalta Coating Systems by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the specialty chemicals company’s stock worth $1,826,000 after purchasing an additional 400 shares in the last quarter. State of Michigan Retirement System raised its holdings in Axalta Coating Systems by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 52,600 shares of the specialty chemicals company’s stock worth $1,562,000 after buying an additional 400 shares during the period. Global Retirement Partners LLC lifted its stake in Axalta Coating Systems by 4.2% in the third quarter. Global Retirement Partners LLC now owns 11,478 shares of the specialty chemicals company’s stock valued at $328,000 after buying an additional 464 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Axalta Coating Systems by 7.7% in the second quarter. Blue Trust Inc. now owns 7,317 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 521 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AXTA has been the topic of a number of research analyst reports. Robert W. Baird restated a “neutral” rating and set a $35.00 price objective (down from $42.00) on shares of Axalta Coating Systems in a report on Wednesday, January 7th. UBS Group cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $39.00 to $35.00 in a report on Monday, January 12th. Royal Bank Of Canada restated a “sector perform” rating and issued a $30.00 price target (down from $35.00) on shares of Axalta Coating Systems in a report on Wednesday, November 19th. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 29th. Finally, Baird R W lowered Axalta Coating Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems currently has an average rating of “Hold” and a consensus price target of $35.56.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $33.23 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.20 and a quick ratio of 1.59. The business has a 50-day moving average of $31.12 and a 200-day moving average of $30.05. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.36 and a beta of 1.29. Axalta Coating Systems Ltd. has a fifty-two week low of $26.28 and a fifty-two week high of $38.37.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. 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, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Axalta Coating Systems Profile

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.