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

Massachusetts Financial Services Co. MA lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,906,720 shares of the specialty chemicals company’s stock after selling 528,442 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Axalta Coating Systems were worth $111,810,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. bought a new position in Axalta Coating Systems during the second quarter worth about $37,000. IFP Advisors Inc acquired a new stake in shares of Axalta Coating Systems in the second quarter valued at approximately $39,000. FNY Investment Advisers LLC acquired a new stake in shares of Axalta Coating Systems in the second quarter valued at approximately $49,000. True Wealth Design LLC boosted its stake in shares of Axalta Coating Systems by 1,533.6% during the 3rd quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 1,687 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Axalta Coating Systems by 371.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after acquiring an additional 2,758 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 1.0%

Shares of Axalta Coating Systems stock opened at $33.23 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20. The firm has a 50-day moving average of $31.12 and a 200-day moving average of $30.05. Axalta Coating Systems Ltd. has a 52-week low of $26.28 and a 52-week high of $38.37. The stock has a market cap of $7.09 billion, a PE ratio of 15.90, a PEG ratio of 1.36 and a beta of 1.29.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the firm earned $0.59 earnings per share. Axalta Coating Systems’s revenue for the quarter was down 2.4% compared to the same quarter last year. 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 forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AXTA shares. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down previously from $47.00) on shares of Axalta Coating Systems in a report on Thursday, October 2nd. UBS Group lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $39.00 to $35.00 in a research report on Monday, January 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $30.00 target price (down previously from $35.00) on shares of Axalta Coating Systems in a report on Wednesday, November 19th. Mizuho decreased their price target on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Finally, Wells Fargo & Company raised 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 report on Wednesday, October 29th. Seven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.56.

About Axalta Coating Systems

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.