Corient Private Wealth LP Takes $8.32 Million Position in Axalta Coating Systems Ltd. $AXTA

Corient Private Wealth LP purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 243,255 shares of the specialty chemicals company's stock, valued at approximately $8,324,000. Corient Private Wealth LP owned 0.11% of Axalta Coating Systems at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in AXTA. Principal Securities Inc. increased its stake in Axalta Coating Systems by 7.5% during the 4th quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company's stock worth $236,000 after acquiring an additional 511 shares during the period. IFP Advisors Inc lifted its position in shares of Axalta Coating Systems by 65.9% during the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 577 shares during the period. Covestor Ltd lifted its position in shares of Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 603 shares during the period. Allworth Financial LP grew its holdings in shares of Axalta Coating Systems by 31.9% during the 4th 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 in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of Axalta Coating Systems by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 51,400 shares of the specialty chemicals company's stock worth $1,424,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Trading Up 0.2%

Shares of NYSE AXTA opened at $37.10 on Monday. The stock has a market cap of $7.94 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $38.61. The firm has a 50 day moving average price of $34.95 and a two-hundred day moving average price of $31.76. 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 (NYSE:AXTA - Get Free Report) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the company earned $0.64 EPS. Axalta Coating Systems'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. As a group, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AXTA shares. Citigroup assumed coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a "buy" rating and a $44.00 price target for the company. Mizuho raised their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. Wall Street Zen cut shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 10th. UBS Group reaffirmed a "neutral" rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Finally, BMO Capital Markets increased their price target on shares of 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $36.00.

About Axalta Coating Systems

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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