Teachers Retirement System of The State of Kentucky Has $2.18 Million Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Key Points

• Teachers Retirement System of The State of Kentucky cut its stake in Axalta by 47.1% in Q4, selling 59,969 shares and ending the quarter with 67,332 shares valued at about $2.18 million.
• Institutional ownership is 98.28%, indicating the stock is overwhelmingly held by institutions and hedge funds.
• Analysts have an average rating of "Hold" with an average target of $35.40; Goldman Sachs raised its target to $40 and gave a Buy while other firms trimmed targets, and Axalta slightly missed Q4 EPS and revenue estimates.

Teachers Retirement System of The State of Kentucky cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 47.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,332 shares of the specialty chemicals company's stock after selling 59,969 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Axalta Coating Systems were worth $2,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in shares of Axalta Coating Systems during the fourth quarter worth $30,000. GAMMA Investing LLC raised its position in shares of Axalta Coating Systems by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company's stock worth $54,000 after purchasing an additional 504 shares during the period. True Wealth Design LLC raised its position in shares of Axalta Coating Systems by 1,533.6% during the third quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company's stock worth $51,000 after purchasing an additional 1,687 shares during the period. Allworth Financial LP raised its position in shares of Axalta Coating Systems by 339.7% during the third quarter. Allworth Financial LP now owns 2,405 shares of the specialty chemicals company's stock worth $69,000 after purchasing an additional 1,858 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Axalta Coating Systems by 332.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,601 shares of the specialty chemicals company's stock worth $84,000 after purchasing an additional 1,999 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXTA has been the topic of a number of research analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. The Goldman Sachs Group lifted their price target on Axalta Coating Systems from $36.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Mizuho lowered their price target on Axalta Coating Systems from $39.00 to $32.00 and set an "outperform" rating on the stock in a report on Monday, March 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Axalta Coating Systems in a report on Wednesday, January 21st. Finally, Vertical Research downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Wednesday, January 7th. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $35.40.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $28.60 on Wednesday. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.26 and a beta of 1.33. Axalta Coating Systems Ltd. has a 1-year low of $24.94 and a 1-year high of $35.72. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.33. The stock's fifty day simple moving average is $29.31 and its 200-day simple moving average is $30.45.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. Axalta Coating Systems's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.6 earnings per share for the current fiscal year.

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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