Axalta Coating Systems Ltd. $AXTA Stock: State of Alaska Department of Revenue Raises Position

Key Points

• Institutional ownership increased: The State of Alaska Department of Revenue raised its Axalta stake by 192.2% in the third quarter to 61,275 shares valued at approximately $1.97 million. Hedge funds and other institutions collectively own 98.28% of AXTA.
• Analyst sentiment remains mixed: AXTA has a consensus “Hold” rating and an average price target of $38.18, with targets ranging from $36 to $45. Barclays and KeyCorp are bullish, while UBS maintains a neutral view.
• Recent results exceeded expectations: Axalta reported quarterly EPS of $0.72 versus the $0.65 consensus estimate and revenue of $1.35 billion, up 3.1% year over year. Shares opened at $33.39, below the consensus target.

State of Alaska Department of Revenue boosted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 192.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,275 shares of the specialty chemicals company's stock after buying an additional 40,305 shares during the period. State of Alaska Department of Revenue's holdings in Axalta Coating Systems were worth $1,970,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AXTA. Aurora Investment Counsel purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at about $1,749,000. MAC Alpha Capital Management LP boosted its position in shares of Axalta Coating Systems by 45.9% during the 2nd quarter. MAC Alpha Capital Management LP now owns 645,643 shares of the specialty chemicals company's stock valued at $22,096,000 after acquiring an additional 203,243 shares during the last quarter. Amundi boosted its position in shares of Axalta Coating Systems by 32.0% during the 2nd quarter. Amundi now owns 841,326 shares of the specialty chemicals company's stock valued at $28,790,000 after acquiring an additional 203,829 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at about $19,763,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Axalta Coating Systems during the second quarter worth about $2,261,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AXTA shares. BMO Capital Markets reissued a "market perform" rating on shares of Axalta Coating Systems in a report on Monday, September 21st. KeyCorp reaffirmed an "overweight" rating on shares of Axalta Coating Systems in a research note on Monday, October 5th. UBS Group lowered their target price on shares of Axalta Coating Systems from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. Mizuho lifted their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an "outperform" rating in a research report on Wednesday, July 1st. Finally, Barclays began coverage on shares of Axalta Coating Systems in a research note on Monday, October 12th. They issued an "overweight" rating and a $45.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $38.18.

Axalta Coating Systems Trading Down 0.2%

Shares of AXTA opened at $33.39 on Monday. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.55 and a beta of 1.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The firm has a 50 day moving average price of $34.45 and a 200-day moving average price of $32.47.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.07. The company 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 firm's revenue was up 3.1% compared to the same quarter last year. During the same quarter last 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. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.

The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.

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