Teacher Retirement System of Texas Purchases 4,026 Shares of Axalta Coating Systems Ltd. $AXTA

Teacher Retirement System of Texas increased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,277 shares of the specialty chemicals company’s stock after buying an additional 4,026 shares during the period. Teacher Retirement System of Texas’ holdings in Axalta Coating Systems were worth $3,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC grew its position in shares of 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 acquiring an additional 368 shares during the period. Louisiana State Employees Retirement System grew its holdings in Axalta Coating Systems by 0.7% during 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. Xponance Inc. grew its holdings in Axalta Coating Systems by 1.6% during the first quarter. Xponance Inc. now owns 25,360 shares of the specialty chemicals company’s stock worth $841,000 after purchasing an additional 407 shares during the period. Blue Trust Inc. increased its position in Axalta Coating Systems by 7.7% during the second quarter. Blue Trust Inc. now owns 7,317 shares of the specialty chemicals company’s stock worth $217,000 after buying an additional 521 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Axalta Coating Systems by 8.1% in the second quarter. Truist Financial Corp now owns 7,426 shares of the specialty chemicals company’s stock valued at $220,000 after buying an additional 556 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Mizuho reduced their target price on 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a report on Wednesday, October 8th. Zacks Research raised shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 8th. Royal Bank Of Canada lifted their target price on shares of Axalta Coating Systems from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Evercore ISI reiterated an “in-line” rating and issued a $32.00 price target (down previously from $47.00) on shares of Axalta Coating Systems in a research note on Thursday, October 2nd. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $36.38.

Insider Transactions at Axalta Coating Systems

In related news, SVP Amy Tufano sold 3,194 shares of the 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 sale, the senior vice president owned 12,087 shares of the company’s stock, valued at $375,422.22. This represents a 20.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Axalta Coating Systems Trading Down 0.6%

AXTA stock opened at $28.48 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.53 and a current ratio of 2.20. The company’s 50-day simple moving average is $29.42 and its 200 day simple moving average is $30.18. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $41.65. The company has a market capitalization of $6.08 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 EPS. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. As a group, sell-side analysts anticipate 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.