ING Groep NV acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 164,000 shares of the specialty chemicals company’s stock, valued at approximately $5,299,000.
Other large investors also recently modified their holdings of the company. Covestor Ltd grew its holdings in shares of Axalta Coating Systems by 197.7% in the fourth 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 period. Eagle Bay Advisors LLC bought a new stake in shares of Axalta Coating Systems in the fourth quarter worth $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Axalta Coating Systems in the fourth quarter worth $35,000. IFP Advisors Inc grew its holdings in shares of Axalta Coating Systems by 65.9% in the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 577 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Axalta Coating Systems by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 504 shares during the period. Institutional investors own 98.28% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on AXTA shares. Citigroup initiated coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company. Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $30.00 in a research report on Friday, April 10th. Robert W. Baird set a $37.00 target price on Axalta Coating Systems in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research report on Friday, May 1st. Finally, Royal Bank Of Canada lowered their target price on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.31.
Axalta Coating Systems Price Performance
NYSE AXTA opened at $31.90 on Tuesday. The company has a market capitalization of $6.83 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. The business’s fifty day moving average is $28.82 and its 200 day moving average is $30.59. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $35.72.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last released its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.Axalta Coating Systems’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current year.
Axalta Coating Systems Company Profile
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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