Cullen Capital Management LLC acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 97,586 shares of the specialty chemicals company's stock, valued at approximately $3,339,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Parsifal Capital Management LP purchased a new position in Axalta Coating Systems during the second quarter worth about $82,069,655,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Axalta Coating Systems in the 2nd quarter valued at about $686,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Axalta Coating Systems in the 2nd quarter valued at about $599,029,000. Quantbot Technologies LP acquired a new position in shares of Axalta Coating Systems during the 2nd quarter valued at about $176,000. Finally, Ieq Capital LLC acquired a new position in shares of Axalta Coating Systems during the 2nd quarter valued at about $342,000. Hedge funds and other institutional investors own 98.28% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on AXTA. 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 on the stock. Royal Bank Of Canada upped their price target on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 8th. Weiss Ratings raised shares of Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. 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 note on Wednesday, July 29th. Finally, Wall Street Zen lowered shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Axalta Coating Systems has a consensus rating of "Hold" and an average target price of $36.00.
Check Out Our Latest Analysis on AXTA
Axalta Coating Systems Stock Performance
Axalta Coating Systems stock opened at $36.08 on Tuesday. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $38.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The stock's 50-day moving average is $34.76 and its 200-day moving average is $31.68.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results 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 net margin of 6.78% and a return on equity of 22.35%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the previous year, the company posted $0.64 earnings per share. Axalta Coating Systems's revenue 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. Equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current year.
Axalta Coating Systems Profile
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Free Report)
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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