Hsbc Holdings PLC cut its stake in Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) by 45.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,947 shares of the specialty chemicals company’s stock after selling 22,176 shares during the quarter. Hsbc Holdings PLC’s holdings in Axalta Coating Systems were worth $740,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Axalta Coating Systems by 11.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,456,984 shares of the specialty chemicals company’s stock valued at $564,035,000 after purchasing an additional 1,815,715 shares in the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Axalta Coating Systems by 887.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after purchasing an additional 11,301,977 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Axalta Coating Systems by 36.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,941,250 shares of the specialty chemicals company’s stock worth $224,282,000 after buying an additional 1,845,353 shares in the last quarter. AQR Capital Management LLC grew its position in Axalta Coating Systems by 64.9% during the third quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock valued at $107,739,000 after buying an additional 1,506,083 shares during the period. Finally, Channing Capital Management LLC grew its position in Axalta Coating Systems by 672.6% during the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock valued at $98,157,000 after buying an additional 2,644,783 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.
Analyst Ratings Changes
AXTA has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a report on Tuesday, June 16th. Robert W. Baird raised their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research report on Friday, May 1st. Mizuho lifted their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Wells Fargo & Company cut Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $30.00 in a report on Friday, April 10th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.00.
Axalta Coating Systems Price Performance
Shares of NYSE AXTA opened at $36.07 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a fifty day moving average of $32.89 and a 200 day moving average of $31.28. The firm has a market cap of $7.72 billion, a PE ratio of 22.26, a PEG ratio of 1.69 and a beta of 1.24. Axalta Coating Systems Ltd. has a one year low of $24.94 and a one year high of $36.62.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm posted $0.64 earnings per share. The company’s revenue was up 3.1% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, research analysts predict that Axalta Coating Systems Ltd. will post 2.61 EPS for the current fiscal year.
About Axalta Coating Systems
Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.
Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.
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