KBC Group NV Lowers Stake in Axalta Coating Systems Ltd. $AXTA

KBC Group NV lessened its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 34.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,759 shares of the specialty chemicals company’s stock after selling 3,038 shares during the period. KBC Group NV’s holdings in Axalta Coating Systems were worth $171,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AXTA. MetLife Investment Management LLC boosted its holdings in shares of Axalta Coating Systems by 327.5% in the first quarter. MetLife Investment Management LLC now owns 525,469 shares of the specialty chemicals company’s stock valued at $17,430,000 after purchasing an additional 402,552 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Axalta Coating Systems by 159.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 39,651 shares of the specialty chemicals company’s stock valued at $1,224,000 after purchasing an additional 24,345 shares in the last quarter. JPMorgan Chase & Co. raised its position in 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 purchasing an additional 356,143 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Axalta Coating Systems in the 1st quarter worth $264,000. Finally, Aviva PLC bought a new position in shares of Axalta Coating Systems during the 2nd quarter worth $375,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $27.92 on Thursday. The company has a 50 day moving average of $28.68 and a two-hundred day moving average of $29.88. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. Axalta Coating Systems Ltd. has a twelve month low of $26.28 and a twelve month high of $41.65. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31.

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. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 earnings per share. 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, analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group decreased their price objective on Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Wednesday. Evercore ISI reissued an “in-line” rating and set a $32.00 price objective (down from $47.00) on shares of Axalta Coating Systems in a report on Thursday, October 2nd. Finally, Wells Fargo & Company boosted 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 note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and an average price target of $36.06.

Axalta Coating Systems Company 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.