Assetmark Inc. Lowers Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Key Points

• Assetmark Inc. trimmed its Axalta stake by 92.8% in Q4, selling 154,242 shares and leaving 11,988 shares valued at about $387,000.
• Other large institutions notably increased positions (e.g., Barrow Hanley, Millennium, Dimensional, AQR), and overall institutional ownership stands at 98.28%.
• Analysts have a consensus rating of "Hold" with an average target of $35.40; AXTA trades around $29.36, has a $6.28B market cap, and last quarter reported $0.59 EPS (missed by $0.01) with revenue slightly below expectations.

Assetmark Inc. trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 92.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,988 shares of the specialty chemicals company's stock after selling 154,242 shares during the quarter. Assetmark Inc.'s holdings in Axalta Coating Systems were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AXTA. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Axalta Coating Systems by 12.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,641,269 shares of the specialty chemicals company's stock valued at $447,653,000 after buying an additional 1,773,038 shares during the period. Millennium Management LLC boosted its stake in shares of Axalta Coating Systems by 475.3% in the 3rd quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company's stock valued at $224,327,000 after buying an additional 6,475,786 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Axalta Coating Systems by 18.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,095,897 shares of the specialty chemicals company's stock valued at $145,829,000 after buying an additional 778,222 shares during the period. AQR Capital Management LLC boosted its stake in shares of Axalta Coating Systems by 64.9% in the 3rd 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, Locust Wood Capital Advisers LLC boosted its stake in shares of Axalta Coating Systems by 7.1% in the 3rd quarter. Locust Wood Capital Advisers LLC now owns 3,472,354 shares of the specialty chemicals company's stock valued at $99,379,000 after buying an additional 231,498 shares during the period. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Mizuho decreased their price objective on Axalta Coating Systems from $39.00 to $32.00 and set an "outperform" rating for the company in a research note on Monday, March 23rd. Royal Bank Of Canada lifted their price objective on Axalta Coating Systems from $33.00 to $35.00 and gave the company a "sector perform" rating in a research note on Thursday, February 12th. Vertical Research cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, January 7th. Citigroup decreased their target price on Axalta Coating Systems from $45.00 to $42.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st. Finally, KeyCorp restated a "sector weight" rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, Axalta Coating Systems currently has a consensus rating of "Hold" and an average target price of $35.40.

Axalta Coating Systems Price Performance

AXTA stock opened at $29.36 on Friday. The business has a 50 day moving average price of $29.62 and a 200 day moving average price of $30.36. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.29 and a beta of 1.33. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $35.72. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.Axalta Coating Systems's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.6 earnings per share for the current fiscal 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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