Public Employees Retirement System of Ohio Makes New $2.26 Million Investment in Axalta Coating Systems Ltd. $AXTA

Key Points

• Ohio’s public employees’ retirement system acquired 66,080 Axalta shares worth approximately $2.26 million in the second quarter. Institutional investors and hedge funds collectively own 98.28% of AXTA.
• Axalta beat quarterly expectations, reporting $0.72 in earnings per share versus the $0.65 consensus and $1.35 billion in revenue, up 3.1% year over year. The company issued fiscal 2026 EPS guidance of $2.55–$2.70.
• Analysts maintain a generally neutral view, with a consensus “Hold” rating and an average price target of $36.00; AXTA recently opened at $35.88.

Public Employees Retirement System of Ohio bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 66,080 shares of the specialty chemicals company's stock, valued at approximately $2,261,000.

A number of other hedge funds have also modified their holdings of the business. Covestor Ltd lifted its position 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 worth $29,000 after purchasing an additional 603 shares in the last quarter. Cedar Mountain Advisors LLC purchased a new position in Axalta Coating Systems in the 1st quarter valued at approximately $30,000. Summit Securities Group LLC acquired a new position in shares of Axalta Coating Systems in the fourth quarter worth $32,000. Los Angeles Capital Management LLC purchased a new stake in shares of Axalta Coating Systems during the fourth quarter worth $35,000. Finally, IFP Advisors Inc lifted its position in 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 worth $47,000 after acquiring an additional 577 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

AXTA stock opened at $35.88 on Friday. The firm has a 50 day moving average of $35.10 and a 200-day moving average of $31.84. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 1.65 and a beta of 1.24. The company has a current ratio of 1.53, a quick ratio of 1.12 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.

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. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. 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 expect that Axalta Coating Systems Ltd. will post 2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AXTA shares. BMO Capital Markets increased their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a "market perform" rating in a report on Wednesday, July 29th. Royal Bank Of Canada raised their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 8th. Weiss Ratings raised shares of Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Wall Street Zen lowered Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Monday, August 10th. Finally, Robert W. Baird increased their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $36.00.

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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