Boussard & Gavaudan Gestion Sas Purchases Shares of 51,119 Axalta Coating Systems Ltd. $AXTA

Boussard & Gavaudan Gestion Sas purchased a new position in Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 51,119 shares of the specialty chemicals company’s stock, valued at approximately $1,748,000.

Several other institutional investors and hedge funds have also made changes to their positions in AXTA. Principal Securities Inc. grew its holdings in shares of Axalta Coating Systems by 7.5% during the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock valued at $236,000 after buying an additional 511 shares during the last quarter. IFP Advisors Inc increased its position in shares of Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 577 shares during the period. Covestor Ltd raised its stake in Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 603 shares during the last quarter. Allworth Financial LP raised its stake in Axalta Coating Systems by 31.9% in the 4th quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company’s stock worth $103,000 after acquiring an additional 768 shares during the last quarter. Finally, Mint Tower Capital Management B.V. acquired a new stake in Axalta Coating Systems during the 2nd quarter worth about $31,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AXTA shares. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research note on Friday, May 1st. UBS Group restated a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Weiss Ratings upgraded Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Royal Bank Of Canada increased their price target on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Finally, Robert W. Baird raised their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.00.

Read Our Latest Research Report on Axalta Coating Systems

Axalta Coating Systems Stock Up 1.1%

Axalta Coating Systems stock opened at $37.10 on Friday. The business’s 50-day moving average price is $34.95 and its 200 day moving average price is $31.78. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. Axalta Coating Systems Ltd. has a 52 week low of $24.94 and a 52 week high of $38.61.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the company posted $0.64 earnings per share. Axalta Coating Systems’s revenue for the quarter was up 3.1% on a year-over-year basis. 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, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current year.

About Axalta Coating Systems

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd. (NYSE:AXTAFree Report).

Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.