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

Thrivent Financial for Lutherans reduced its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 41.6% in the second quarter, according to its most recent filing with the SEC. 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’ holdings in Axalta Coating Systems were worth $11,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXTA. Dimensional Fund Advisors LP raised its position 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 in the last quarter. Northern Trust Corp raised its holdings in shares of Axalta Coating Systems by 4.1% during the 1st quarter. Northern Trust Corp now owns 1,992,499 shares of the specialty chemicals company’s stock valued at $66,091,000 after buying an additional 78,915 shares in the last quarter. Wellington Management Group LLP raised its holdings 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 valued at $223,248,000 after buying an additional 132,234 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Axalta Coating Systems by 4.1% in the first quarter. Hsbc Holdings PLC now owns 53,443 shares of the specialty chemicals company’s stock worth $1,762,000 after buying an additional 2,122 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in Axalta Coating Systems in the first quarter worth approximately $2,692,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of recent research reports. Bank of America lowered 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 report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $30.00 price target (down from $35.00) on shares of Axalta Coating Systems in a research report on Wednesday, November 19th. Mizuho reduced their price objective on Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Finally, Citigroup boosted their target price on Axalta Coating Systems from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.06.

Axalta Coating Systems Price Performance

AXTA stock opened at $31.92 on Thursday. The firm’s 50-day moving average price is $28.97 and its two-hundred day moving average price is $29.61. Axalta Coating Systems Ltd. has a 12-month low of $26.28 and a 12-month high of $38.37. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.24 and a beta of 1.29. The company has a current ratio of 2.20, a quick ratio of 1.59 and a debt-to-equity ratio of 1.45.

Axalta Coating Systems (NYSE:AXTA) last posted its 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 company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. Axalta Coating Systems’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.