VIRGINIA RETIREMENT SYSTEMS ET Al Invests $781,000 in Axalta Coating Systems Ltd. $AXTA

VIRGINIA RETIREMENT SYSTEMS ET Al 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 & Exchange Commission. The fund acquired 26,321 shares of the specialty chemicals company’s stock, valued at approximately $781,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. William Blair Investment Management LLC boosted its holdings in Axalta Coating Systems by 10.3% in the second quarter. William Blair Investment Management LLC now owns 14,799 shares of the specialty chemicals company’s stock valued at $439,000 after purchasing an additional 1,381 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Axalta Coating Systems by 5.4% in the second quarter. Verdence Capital Advisors LLC now owns 16,648 shares of the specialty chemicals company’s stock valued at $494,000 after purchasing an additional 849 shares in the last quarter. CWM LLC boosted its holdings in Axalta Coating Systems by 388.4% in 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 in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Axalta Coating Systems by 2.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $427,000 after purchasing an additional 368 shares in the last quarter. Finally, 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 purchasing an additional 521 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Axalta Coating Systems

In other news, SVP Amy Tufano sold 3,194 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 owned 12,087 shares in the company, valued at $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Citigroup raised Axalta Coating Systems from a “neutral” rating to a “buy” rating and upped their price target for the company from $32.00 to $34.00 in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a report on Friday. Bank of America reduced their price objective on Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft cut Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research note on Friday, July 18th. Finally, Royal Bank Of Canada reduced their price objective on Axalta Coating Systems from $37.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Ten research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $36.75.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $29.08 on Friday. Axalta Coating Systems Ltd. has a 12 month low of $26.28 and a 12 month high of $41.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53. The business has a 50 day simple moving average of $29.60 and a 200-day simple moving average of $30.25. The stock has a market capitalization of $6.30 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly 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 return on equity of 25.32% and a net margin of 8.58%.The business 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 business earned $0.57 earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. Axalta Coating Systems has set its FY 2025 guidance at 2.450-2.550 EPS. Q3 2025 guidance at 0.630-0.670 EPS. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

About Axalta Coating Systems

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.