Wedge Capital Management L L P NC Purchases 30,617 Shares of Axalta Coating Systems Ltd. $AXTA

Wedge Capital Management L L P NC boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 29.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,443 shares of the specialty chemicals company’s stock after purchasing an additional 30,617 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Axalta Coating Systems were worth $3,992,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. raised its holdings in Axalta Coating Systems by 11,757.1% in the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 823 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 488 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Axalta Coating Systems by 951.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,325 shares of the specialty chemicals company’s stock worth $44,000 after purchasing an additional 1,199 shares in the last quarter. UMB Bank n.a. raised its holdings in Axalta Coating Systems by 31.1% in the first quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company’s stock worth $91,000 after purchasing an additional 651 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Axalta Coating Systems by 12.1% in the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 401 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems 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 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 filing with the SEC, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.

Axalta Coating Systems Trading Down 1.4%

Shares of AXTA opened at $30.27 on Monday. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53. Axalta Coating Systems Ltd. has a 1 year low of $27.58 and a 1 year high of $41.65. The company has a 50 day simple moving average of $30.23 and a two-hundred day simple moving average of $31.11. The firm has a market cap of $6.55 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 1.76 and a beta of 1.28.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm posted $0.57 EPS. The company’s revenue 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. On average, equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Zacks Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Citigroup reaffirmed a “neutral” rating and issued a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Royal Bank Of Canada lowered their price target on Axalta Coating Systems from $37.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. BMO Capital Markets lowered Axalta Coating Systems from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $51.00 to $33.00 in a research report on Wednesday, July 16th. Finally, Mizuho lowered their price target on Axalta Coating Systems from $39.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.71.

Axalta Coating Systems 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.