Pacer Advisors Inc. Has $680,000 Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Key Points

• Pacer Advisors cut its Axalta stake by 90.2% in the first quarter, selling 225,952 shares and retaining 24,561 shares valued at approximately $680,000.
• Other institutional investors increased their positions, and institutions collectively own 98.28% of Axalta’s stock.
• Axalta reported quarterly EPS of $0.72, beating estimates by $0.07, while revenue rose 3.1% year over year to $1.35 billion. Despite the earnings beat, analysts maintain a consensus “Hold” rating with a $36 price target.

Pacer Advisors Inc. decreased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 90.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,561 shares of the specialty chemicals company's stock after selling 225,952 shares during the period. Pacer Advisors Inc.'s holdings in Axalta Coating Systems were worth $680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UBS Group AG boosted its holdings in shares of Axalta Coating Systems by 207.4% in the 4th quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company's stock valued at $93,780,000 after buying an additional 1,958,395 shares during the last quarter. Arnhold LLC grew its stake in shares of Axalta Coating Systems by 111.8% in the fourth quarter. Arnhold LLC now owns 500,700 shares of the specialty chemicals company's stock valued at $16,178,000 after buying an additional 264,281 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings 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 worth $406,328,000 after buying an additional 11,301,977 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Axalta Coating Systems by 64.9% during the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,600 shares of the specialty chemicals company's stock worth $4,543,000 after acquiring an additional 55,350 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in Axalta Coating Systems by 49.8% during the fourth quarter. Verition Fund Management LLC now owns 975,784 shares of the specialty chemicals company's stock worth $31,528,000 after acquiring an additional 324,384 shares in the last quarter. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Trading Down 1.9%

AXTA opened at $37.46 on Tuesday. The stock has a market capitalization of $8.02 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.89 and a beta of 1.24. 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 twelve month low of $24.94 and a twelve month high of $38.61. The company has a 50-day simple moving average of $33.91 and a 200 day simple moving average of $31.48.

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, beating the consensus estimate 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 company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the previous year, the company earned $0.64 EPS. The business'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. Analysts predict that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AXTA shares. UBS Group reaffirmed a "neutral" rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target 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. Robert W. Baird upped their price objective on Axalta Coating Systems from $35.00 to $37.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Wall Street Zen cut Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, Weiss Ratings upgraded Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $36.00.

Axalta Coating Systems 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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