Royal Bank of Canada Sells 33,204 Shares of Axalta Coating Systems Ltd. $AXTA

Royal Bank of Canada reduced its position in Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) by 84.6% in the first quarter, Holdings Channel.com reports. The fund owned 6,044 shares of the specialty chemicals company’s stock after selling 33,204 shares during the period. Royal Bank of Canada’s holdings in Axalta Coating Systems were worth $167,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quantinno Capital Management LP boosted its stake in Axalta Coating Systems by 10.6% during the 1st quarter. Quantinno Capital Management LP now owns 1,063,450 shares of the specialty chemicals company’s stock valued at $29,458,000 after purchasing an additional 102,057 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of Axalta Coating Systems by 32.9% during the first quarter. Waverly Advisors LLC now owns 12,424 shares of the specialty chemicals company’s stock valued at $344,000 after purchasing an additional 3,074 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Axalta Coating Systems during the first quarter valued at $1,504,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Axalta Coating Systems during the first quarter valued at $20,886,000. Finally, Gabelli Funds LLC boosted its position in shares of Axalta Coating Systems by 14.6% during the first quarter. Gabelli Funds LLC now owns 11,800 shares of the specialty chemicals company’s stock valued at $327,000 after buying an additional 1,500 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

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Axalta Coating Systems Stock Performance

AXTA stock opened at $37.10 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $38.61. The company has a market cap of $7.94 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The stock’s fifty day moving average price is $34.95 and its 200-day moving average price is $31.78.

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 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 analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. Axalta Coating Systems’s revenue for the quarter 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. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

AXTA has been the subject of several research analyst reports. Mizuho lifted their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Wall Street Zen cut shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Robert W. Baird raised their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. UBS Group reiterated a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Finally, Citigroup began coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.00.

Check Out Our Latest Report on AXTA

Axalta Coating Systems Company Profile

(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.

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