Yousif Capital Management LLC Sells 1,731 Shares of Axalta Coating Systems Ltd. $AXTA

Yousif Capital Management LLC reduced its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,914 shares of the specialty chemicals company’s stock after selling 1,731 shares during the quarter. Yousif Capital Management LLC’s holdings in Axalta Coating Systems were worth $2,254,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. CWM LLC grew its stake in shares of Axalta Coating Systems by 388.4% during the second quarter. CWM LLC now owns 45,303 shares of the specialty chemicals company’s stock valued at $1,345,000 after purchasing an additional 36,027 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Axalta Coating Systems by 2.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $427,000 after buying an additional 368 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 acquiring an additional 521 shares during the last quarter. IFP Advisors Inc acquired a new stake in Axalta Coating Systems in the second quarter worth about $39,000. Finally, Louisiana State Employees Retirement System increased its position in Axalta Coating Systems by 0.7% in the second 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 during the period. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Stock Up 2.5%

Shares of NYSE AXTA opened at $28.46 on Friday. The stock has a market cap of $6.16 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.48 and a beta of 1.25. The firm has a 50 day moving average price of $29.72 and a 200 day moving average price of $30.31. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12. Axalta Coating Systems Ltd. has a 52-week low of $26.28 and a 52-week high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The firm’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. Analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president directly owned 12,087 shares of the company’s stock, valued at approximately $375,422.22. The trade was a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AXTA shares. Royal Bank Of Canada lowered their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 8th. Zacks Research raised shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Monday, September 8th. Wells Fargo & Company lowered their target price on shares of Axalta Coating Systems from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, October 10th. Finally, Citigroup raised shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $32.00 to $34.00 in a report on Monday, October 6th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.75.

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.