Axalta Coating Systems Ltd. $AXTA Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,695 shares of the specialty chemicals company’s stock after selling 25,182 shares during the period. Franklin Resources Inc. owned 0.09% of Axalta Coating Systems worth $5,543,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Allianz Asset Management GmbH purchased a new stake in shares of Axalta Coating Systems in the first quarter valued at about $511,000. Cetera Investment Advisers raised its stake in Axalta Coating Systems by 57.6% during the 1st quarter. Cetera Investment Advisers now owns 24,233 shares of the specialty chemicals company’s stock valued at $804,000 after acquiring an additional 8,861 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Axalta Coating Systems by 13.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,721 shares of the specialty chemicals company’s stock worth $2,047,000 after acquiring an additional 7,273 shares during the period. XTX Topco Ltd purchased a new position in shares of Axalta Coating Systems in the 1st quarter valued at approximately $448,000. Finally, US Bancorp DE increased its holdings in shares of Axalta Coating Systems by 46.8% in the first quarter. US Bancorp DE now owns 7,005 shares of the specialty chemicals company’s stock valued at $232,000 after purchasing an additional 2,233 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down from $47.00) on shares of Axalta Coating Systems in a report on Thursday, October 2nd. UBS Group lowered their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. JPMorgan Chase & Co. dropped their price target on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Vertical Research set a $37.00 price objective on shares of Axalta Coating Systems and gave the company a “buy” rating in a research report on Wednesday, October 15th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, October 29th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.06.

Axalta Coating Systems Stock Up 1.2%

Shares of NYSE AXTA opened at $30.13 on Monday. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.19 and a beta of 1.29. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $40.80. The firm has a 50-day moving average price of $28.52 and a 200 day moving average price of $29.73. 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 (NYSE:AXTA) last released its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share 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 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 company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities research analysts anticipate 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.