Thrivent Financial for Lutherans Sells 274,744 Shares of Axalta Coating Systems Ltd. $AXTA

Thrivent Financial for Lutherans decreased its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 41.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 386,211 shares of the specialty chemicals company’s stock after selling 274,744 shares during the period. Thrivent Financial for Lutherans owned about 0.18% of Axalta Coating Systems worth $11,467,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of Axalta Coating Systems by 2.6% during 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 buying an additional 368 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Axalta Coating Systems by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the specialty chemicals company’s stock valued at $1,826,000 after acquiring an additional 400 shares during the period. State of Michigan Retirement System lifted its holdings in Axalta Coating Systems by 0.8% during the second quarter. State of Michigan Retirement System now owns 52,600 shares of the specialty chemicals company’s stock valued at $1,562,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 521 shares during the period. Finally, Truist Financial Corp boosted its position in Axalta Coating Systems by 8.1% during the second quarter. Truist Financial Corp now owns 7,426 shares of the specialty chemicals company’s stock worth $220,000 after purchasing an additional 556 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Up 1.6%

Axalta Coating Systems stock opened at $31.92 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20. Axalta Coating Systems Ltd. has a fifty-two week low of $26.28 and a fifty-two week high of $38.37. The stock has a market cap of $6.81 billion, a P/E ratio of 15.27, a PEG ratio of 1.24 and a beta of 1.29. The firm’s fifty day moving average price is $28.97 and its 200-day moving average price is $29.61.

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

Wall Street Analyst Weigh In

AXTA has been the topic of several research reports. UBS Group lowered their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. Vertical Research set a $37.00 target price on shares of Axalta Coating Systems and gave the company a “buy” rating in a report on Wednesday, October 15th. Citigroup increased their target price on Axalta Coating Systems from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Wells Fargo & Company lifted their price target on Axalta Coating Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.06.

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.