Axalta Coating Systems Ltd. $AXTA Shares Purchased by Amundi

Key Points

• Amundi increased its Axalta stake by 32% in the second quarter, adding 203,829 shares to own 841,326 shares worth approximately $28.8 million. Institutional investors collectively hold 98.28% of the company.
• Analyst sentiment remains mixed, with five Buy ratings and nine Holds, resulting in a consensus rating of Hold and an average price target of $36.85. KeyCorp initiated coverage with an Overweight rating and a $47 target, while Citigroup set a $44 target.
• Axalta exceeded quarterly expectations with adjusted EPS of $0.72 versus a $0.65 consensus and revenue of $1.35 billion, up 3.1% year over year. Shares opened at $34.24, while the company provided full-year 2026 EPS guidance of $2.55 to $2.70.

Amundi boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 32.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 841,326 shares of the specialty chemicals company's stock after purchasing an additional 203,829 shares during the quarter. Amundi owned approximately 0.39% of Axalta Coating Systems worth $28,790,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Mint Tower Capital Management B.V. purchased a new stake in shares of Axalta Coating Systems during the second quarter worth approximately $31,000. Covestor Ltd lifted its stake in 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 last quarter. Summit Securities Group LLC acquired a new position in Axalta Coating Systems during the 4th quarter worth approximately $32,000. Los Angeles Capital Management LLC acquired a new position in Axalta Coating Systems during the 4th quarter worth approximately $35,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Axalta Coating Systems in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 98.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AXTA. KeyCorp began coverage on shares of Axalta Coating Systems in a research note on Friday. They set an "overweight" rating and a $47.00 target price for the company. Weiss Ratings upgraded Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. BMO Capital Markets lifted their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a "market perform" rating in a report on Wednesday, July 29th. Wall Street Zen cut Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 10th. Finally, 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 on the stock. Five equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $36.85.

Axalta Coating Systems Trading Up 0.6%

Shares of Axalta Coating Systems stock opened at $34.24 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The company has a market capitalization of $7.33 billion, a P/E ratio of 21.13, a PEG ratio of 1.57 and a beta of 1.24. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $38.61. The company's fifty day moving average is $35.13 and its two-hundred day moving average is $31.84.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The firm'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. Analysts forecast that Axalta Coating Systems Ltd. will post 2.64 earnings per share for the current year.

Key Stories Impacting Axalta Coating Systems

Here are the key news stories impacting Axalta Coating Systems this week:

• Positive Sentiment: KeyCorp initiated coverage with an “overweight” rating and a $47 price target, implying substantial upside from the recent trading level. The bullish rating is likely the main catalyst supporting AXTA’s move higher. KeyCorp initiates coverage of Axalta Coating Systems
• Positive Sentiment: KeyCorp expects Axalta to earn approximately $3.00 per share in fiscal 2027 and $3.20 in fiscal 2028, well above the current-year consensus estimate of $2.64. The projections suggest confidence in longer-term earnings growth and could support investor interest.
• Neutral Sentiment: KeyCorp’s quarterly estimates call for $0.72 EPS in the third quarter of 2026 and $0.67 EPS in the fourth quarter. These forecasts provide an updated earnings framework but do not represent a change to company guidance.
• Neutral Sentiment: A Zacks comparison examines whether Axalta or Hawkins (HWKN) offers the better value among specialty chemical stocks. The article may influence value-focused investors, although the provided report does not identify a definitive winner or announce a fundamental change at Axalta. AXTA versus HWKN value comparison

Axalta Coating Systems Profile

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells protective, decorative and functional coatings. Its products are used by automotive manufacturers, vehicle repair and refinish businesses, industrial equipment producers, commercial transportation companies and other customers seeking to protect surfaces from corrosion, weathering and wear.

The company's offerings include liquid and powder coatings, primers, clearcoats, electrocoat systems, sealants and other coating technologies.

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