Police & Firemen s Retirement System of New Jersey Grows Position in Axalta Coating Systems Ltd. $AXTA

Police & Firemen s Retirement System of New Jersey boosted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 4.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,888 shares of the specialty chemicals company’s stock after purchasing an additional 3,736 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Axalta Coating Systems were worth $2,461,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of Axalta Coating Systems by 3.2% during the 1st quarter. JPMorgan Chase & Co. now owns 11,637,025 shares of the specialty chemicals company’s stock valued at $386,000,000 after acquiring an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Axalta Coating Systems by 29.8% in 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 purchasing an additional 1,663,261 shares during the period. Wellington Management Group LLP lifted its position in Axalta Coating Systems by 2.0% during the first quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company’s stock valued at $223,248,000 after purchasing an additional 132,234 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Axalta Coating Systems by 6.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company’s stock valued at $137,344,000 after purchasing an additional 266,907 shares during the period. Finally, Locust Wood Capital Advisers LLC raised its stake in shares of Axalta Coating Systems by 15.4% in the first quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company’s stock worth $129,810,000 after buying an additional 520,844 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AXTA has been the subject of a number of recent research reports. Mizuho cut their price objective 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. Bank of America reduced their price objective on shares of 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a report on Wednesday, October 8th. Wells Fargo & Company raised their price target on Axalta Coating Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Finally, Citigroup upped their price objective on Axalta Coating Systems from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and an average price target of $36.38.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $28.00 on Wednesday. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.31. 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 stock has a 50 day moving average price of $28.74 and a 200-day moving average price of $29.90. Axalta Coating Systems Ltd. has a one year low of $26.28 and a one year high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.59 earnings per share. Axalta Coating Systems’s revenue was down 2.4% on a year-over-year basis. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS. FY 2025 guidance at 2.500-2.500 EPS. Equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current 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.