FNY Investment Advisers LLC Invests $49,000 in Axalta Coating Systems Ltd. $AXTA

FNY Investment Advisers LLC acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,671 shares of the specialty chemicals company’s stock, valued at approximately $49,000.

A number of other hedge funds have also modified their holdings of the business. Cullen Frost Bankers Inc. purchased a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $37,000. Fiduciary Family Office LLC purchased a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $211,000. Aurora Investment Counsel grew its stake in Axalta Coating Systems by 3.5% in the 2nd quarter. Aurora Investment Counsel now owns 57,162 shares of the specialty chemicals company’s stock worth $1,697,000 after acquiring an additional 1,945 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Axalta Coating Systems in the 2nd quarter worth approximately $781,000. Finally, William Blair Investment Management LLC grew its stake in Axalta Coating Systems by 10.3% in the 2nd quarter. William Blair Investment Management LLC now owns 14,799 shares of the specialty chemicals company’s stock worth $439,000 after acquiring an additional 1,381 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Axalta Coating Systems news, SVP Amy Tufano sold 3,194 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were 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 owned 12,087 shares in the company, valued at approximately $375,422.22. This represents a 20.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $28.80 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47. Axalta Coating Systems Ltd. has a fifty-two week low of $26.28 and a fifty-two week high of $41.65. The firm has a 50-day simple moving average of $29.63 and a 200 day simple moving average of $30.24. The company has a market cap of $6.24 billion, a PE ratio of 14.12, a P/E/G ratio of 1.51 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, topping 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 firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. Axalta Coating Systems’s quarterly 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, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research note on Friday, July 18th. Evercore ISI reaffirmed an “in-line” rating and issued a $32.00 target price (down from $47.00) on shares of Axalta Coating Systems in a research note on Thursday, October 2nd. Mizuho lowered their target price on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Zacks Research raised shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Finally, Vertical Research set a $37.00 target price on shares of Axalta Coating Systems and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

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.