Corient Private Wealth LP reduced its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 17.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,092 shares of the specialty chemicals company's stock after selling 50,216 shares during the period. Corient Private Wealth LP owned 0.11% of Axalta Coating Systems worth $8,353,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of AXTA. BlackRock Inc. acquired a new position in Axalta Coating Systems in the 2nd quarter worth about $668,541,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Axalta Coating Systems during the second quarter valued at approximately $599,029,000. Artisan Partners Limited Partnership raised its position in Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company's stock valued at $406,328,000 after acquiring an additional 11,301,977 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Axalta Coating Systems by 10.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company's stock valued at $213,143,000 after acquiring an additional 754,098 shares during the last quarter. Finally, Lakewood Capital Management LP acquired a new stake in Axalta Coating Systems in the second quarter valued at approximately $117,157,000. 98.28% of the stock is owned by institutional investors and hedge funds.
Axalta Coating Systems Trading Down 2.0%
Shares of Axalta Coating Systems stock opened at $32.62 on Friday. The company's fifty day simple moving average is $35.10 and its 200-day simple moving average is $31.81. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $38.61. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The company has a market cap of $6.98 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.54 and a beta of 1.24.
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 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business 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 business earned $0.64 earnings per share. The firm'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. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Weiss Ratings raised Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. UBS Group restated a "neutral" rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Citigroup started coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They set a "buy" rating and a $44.00 price objective for the company. KeyCorp began coverage on shares of Axalta Coating Systems in a research note on Friday, September 11th. They issued an "overweight" rating and a $47.00 target price on the stock. Finally, Mizuho lifted their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems has an average rating of "Hold" and a consensus price target of $36.85.
View Our Latest Research Report on AXTA
About Axalta Coating Systems
(
Free Report)
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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