Algert Global LLC Sells 369,032 Shares of Axalta Coating Systems Ltd. $AXTA

Key Points

• Algert Global cut its Axalta stake by 61.3% in the second quarter, selling 369,032 shares and retaining 233,313 shares worth approximately $7.98 million. Institutional investors collectively own 98.28% of AXTA.
• Analyst sentiment remains cautious: four analysts rate the stock a Buy and 11 rate it Hold, producing a consensus rating of Hold and an average price target of $36.00.
• Axalta reported quarterly EPS of $0.72, beating estimates by $0.07, while revenue rose 3.1% year over year to $1.35 billion. Shares opened at $36.61, near the consensus target and below the 12-month high of $38.61.

Algert Global LLC trimmed its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 61.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,313 shares of the specialty chemicals company's stock after selling 369,032 shares during the period. Algert Global LLC owned 0.11% of Axalta Coating Systems worth $7,984,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXTA. Covestor Ltd boosted its position in shares of 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 purchasing an additional 603 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in Axalta Coating Systems in the 1st quarter worth about $30,000. Summit Securities Group LLC purchased a new stake in Axalta Coating Systems in the fourth quarter worth approximately $32,000. Los Angeles Capital Management LLC purchased a new stake in Axalta Coating Systems in the fourth quarter worth approximately $35,000. Finally, IFP Advisors Inc grew its position in 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 worth $47,000 after purchasing an additional 577 shares during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.

Analyst Upgrades and Downgrades

AXTA has been the topic of several recent research reports. Royal Bank Of Canada increased their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 8th. Wall Street Zen cut Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Monday, August 10th. Citigroup began coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They issued a "buy" rating and a $44.00 target price for the company. Mizuho raised their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings raised shares of Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $36.00.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $36.61 on Thursday. The firm has a market cap of $7.84 billion, a PE ratio of 22.60, a PEG ratio of 1.80 and a beta of 1.24. The stock has a 50 day moving average of $34.87 and a 200 day moving average of $31.72. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $38.61.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results 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. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.64 EPS. 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, research analysts expect that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

Axalta Coating Systems 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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