BlackRock Inc. Invests $668.54 Million in Axalta Coating Systems Ltd. $AXTA

Key Points

• BlackRock acquired 19.54 million Axalta shares worth approximately $668.5 million, giving it a 9.13% stake. Institutional investors and hedge funds collectively own 98.28% of AXTA.
• Analysts maintain a generally cautious outlook, with four Buy ratings and eleven Holds. The consensus rating is Hold, with an average price target of $36.00.
• Axalta exceeded quarterly expectations, reporting $0.72 in EPS versus $0.65 expected and $1.35 billion in revenue, up 3.1% year over year. Shares opened at $36.20, near the consensus target.

BlackRock Inc. acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 19,536,552 shares of the specialty chemicals company's stock, valued at approximately $668,541,000. BlackRock Inc. owned 9.13% of Axalta Coating Systems as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Verdence Capital Advisors LLC increased its position in Axalta Coating Systems by 2.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company's stock valued at $555,000 after acquiring an additional 330 shares during the period. Principal Securities Inc. increased its holdings in shares of Axalta Coating Systems by 7.5% during the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company's stock valued at $236,000 after purchasing an additional 511 shares during the period. IFP Advisors Inc raised its stake in shares of Axalta Coating Systems by 65.9% during the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company's stock valued at $47,000 after purchasing an additional 577 shares in the last quarter. Covestor Ltd raised its stake in shares of Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 603 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Axalta Coating Systems by 31.9% in the fourth quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company's stock worth $103,000 after purchasing an additional 768 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AXTA shares. The Goldman Sachs Group set a $36.00 target price on shares of Axalta Coating Systems in a research note on Friday, May 1st. UBS Group reaffirmed a "neutral" rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Robert W. Baird raised their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 8th. Finally, BMO Capital Markets upped their target price on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $36.00.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $36.20 on Monday. The company's fifty day moving average is $34.71 and its two-hundred day moving average is $31.66. The company has a quick ratio of 1.12, a current ratio of 1.53 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. The company has a market cap of $7.75 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (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 analyst estimates of $1.31 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. 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. Equities analysts expect that Axalta Coating Systems Ltd. will post 2.63 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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