Leeward Investments LLC MA Lowers Stake in Axalta Coating Systems Ltd. $AXTA

Leeward Investments LLC MA lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 30.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 332,163 shares of the specialty chemicals company’s stock after selling 144,740 shares during the period. Leeward Investments LLC MA owned approximately 0.15% of Axalta Coating Systems worth $9,862,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted 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 worth $386,000,000 after purchasing an additional 356,143 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of Axalta Coating Systems by 29.8% during 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 boosted its position in shares of Axalta Coating Systems by 2.0% during the 1st quarter. Wellington Management Group LLP now owns 6,730,406 shares of the specialty chemicals company’s stock worth $223,248,000 after purchasing an additional 132,234 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Axalta Coating Systems by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,140,945 shares of the specialty chemicals company’s stock worth $137,344,000 after purchasing an additional 266,907 shares during the period. Finally, Locust Wood Capital Advisers LLC boosted its position in Axalta Coating Systems by 15.4% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,913,488 shares of the specialty chemicals company’s stock valued at $129,810,000 after buying an additional 520,844 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research firms have commented on AXTA. Citigroup upgraded shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $32.00 to $34.00 in a research note on Monday, October 6th. Vertical Research set a $37.00 price target on shares of Axalta Coating Systems and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada dropped their price target on shares of 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. Wells Fargo & Company dropped their price target on shares of Axalta Coating Systems from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. Finally, Mizuho dropped their price target 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. Ten research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.75.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $29.08 on Friday. The stock has a market cap of $6.30 billion, a P/E ratio of 14.25, a price-to-earnings-growth ratio of 1.56 and a beta of 1.25. The company has a fifty day simple moving average of $29.60 and a 200-day simple moving average of $30.26. Axalta Coating Systems Ltd. has a 12-month low of $26.28 and a 12-month high of $41.65. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. 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 expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal 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.