Quantbot Technologies LP Purchases New Shares in Axalta Coating Systems Ltd. $AXTA

Quantbot Technologies LP acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 25,388 shares of the specialty chemicals company’s stock, valued at approximately $754,000.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Axalta Coating Systems by 3.2% during the first quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company’s stock worth $386,000,000 after purchasing an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Axalta Coating Systems by 29.8% during 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 acquiring an additional 1,663,261 shares during the period. Wellington Management Group LLP raised its holdings 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Axalta Coating Systems by 6.9% during 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, Geode Capital Management LLC grew its holdings in shares of Axalta Coating Systems by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,849,202 shares of the specialty chemicals company’s stock worth $114,301,000 after purchasing an additional 11,749 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AXTA shares. Wells Fargo & Company increased their price objective on shares of Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Mizuho cut their price target on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. JPMorgan Chase & Co. decreased their price objective 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. Vertical Research set a $37.00 target price on Axalta Coating Systems and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $30.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a research note on Wednesday, November 19th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $36.06.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $28.51 on Wednesday. The company’s 50 day moving average price is $28.61 and its two-hundred day moving average price is $29.61. The firm has a market capitalization of $6.08 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.11 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 $39.95. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.20 and a quick ratio of 1.59.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The company 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%.Axalta Coating Systems’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. 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. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

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.