The Manufacturers Life Insurance Company Decreases Position in Axalta Coating Systems Ltd. $AXTA

Key Points

• The Manufacturers Life Insurance Company cut its Axalta Coating Systems position by 28.4% in the first quarter, selling 40,677 shares and retaining 102,594 shares valued at approximately $2.84 million. Institutional investors collectively own 98.28% of AXTA.
• Analyst sentiment remains mixed, with four Buy ratings and eleven Holds; the consensus rating is Hold with an average price target of $36.00, below the reported share price of $38.22.
• Axalta exceeded quarterly expectations, reporting $0.72 in EPS versus the $0.65 consensus and $1.35 billion in revenue, up 3.1% year over year. The company maintained fiscal 2026 EPS guidance of $2.55–$2.70.

The Manufacturers Life Insurance Company decreased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 28.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,594 shares of the specialty chemicals company's stock after selling 40,677 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Axalta Coating Systems were worth $2,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AXTA. UBS Group AG raised its stake in shares of Axalta Coating Systems by 207.4% in the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company's stock worth $93,780,000 after purchasing an additional 1,958,395 shares during the last quarter. Arnhold LLC increased its holdings in Axalta Coating Systems by 111.8% in the 4th quarter. Arnhold LLC now owns 500,700 shares of the specialty chemicals company's stock worth $16,178,000 after buying an additional 264,281 shares in the last quarter. Artisan Partners Limited Partnership raised its position in Axalta Coating Systems by 887.2% in the 4th 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% in the 4th 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 buying an additional 55,350 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in Axalta Coating Systems by 49.8% during the 4th quarter. Verition Fund Management LLC now owns 975,784 shares of the specialty chemicals company's stock valued at $31,528,000 after acquiring an additional 324,384 shares during the period. Institutional investors own 98.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AXTA shares. Wall Street Zen upgraded shares of Axalta Coating Systems from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 2nd. The Goldman Sachs Group set a $36.00 target price on shares of Axalta Coating Systems in a report on Friday, May 1st. Royal Bank Of Canada boosted their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 8th. Robert W. Baird increased their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Wednesday, July 29th. Finally, Citigroup began coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a "buy" rating and a $44.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $36.00.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $38.22 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $8.18 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The firm's 50 day moving average price is $33.77 and its 200-day moving average price is $31.47. Axalta Coating Systems Ltd. has a twelve month low of $24.94 and a twelve month high of $38.61.

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, 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 analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.64 earnings per share. The firm's quarterly 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 research analysts expect that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

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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