JPMorgan Chase & Co. Reduces Stock Position in Axalta Coating Systems Ltd. $AXTA

JPMorgan Chase & Co. cut its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 21.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,631,675 shares of the specialty chemicals company’s stock after selling 2,402,205 shares during the quarter. JPMorgan Chase & Co. owned about 4.05% of Axalta Coating Systems worth $247,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXTA. Cookson Peirce & Co. Inc. bought a new position in Axalta Coating Systems in the 3rd quarter worth about $227,000. Caprock Group LLC purchased a new stake in shares of Axalta Coating Systems in the third quarter worth about $697,000. Savant Capital LLC lifted its holdings in shares of Axalta Coating Systems by 13.6% in the third quarter. Savant Capital LLC now owns 17,877 shares of the specialty chemicals company’s stock worth $512,000 after buying an additional 2,140 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Axalta Coating Systems by 1,404.3% in the third quarter. Hantz Financial Services Inc. now owns 7,040 shares of the specialty chemicals company’s stock valued at $201,000 after acquiring an additional 6,572 shares during the period. Finally, State of Wyoming grew its stake in Axalta Coating Systems by 28.0% during the third quarter. State of Wyoming now owns 5,360 shares of the specialty chemicals company’s stock valued at $153,000 after acquiring an additional 1,174 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on AXTA. JPMorgan Chase & Co. lowered their target price on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Vertical Research cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, January 21st. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, Mizuho set a $39.00 target price on Axalta Coating Systems in a research note on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $36.56.

Axalta Coating Systems Trading Down 2.8%

Shares of AXTA stock opened at $34.59 on Friday. The business has a 50-day moving average price of $33.16 and a two-hundred day moving average price of $30.69. Axalta Coating Systems Ltd. has a 12-month low of $26.28 and a 12-month high of $37.50. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33. The firm has a market cap of $7.38 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 1.56 and a beta of 1.29.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share 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 analysts’ expectations of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS 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.