Marathon Asset Management Ltd Sells 24,617 Shares of Axalta Coating Systems Ltd. $AXTA

Marathon Asset Management Ltd reduced its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,293 shares of the specialty chemicals company’s stock after selling 24,617 shares during the period. Marathon Asset Management Ltd owned approximately 0.12% of Axalta Coating Systems worth $8,184,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd boosted its holdings in shares of Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 603 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Axalta Coating Systems in the fourth quarter worth $30,000. GAMMA Investing LLC boosted its holdings in shares of Axalta Coating Systems by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 504 shares during the period. Allworth Financial LP boosted its holdings in shares of Axalta Coating Systems by 339.7% in the third quarter. Allworth Financial LP now owns 2,405 shares of the specialty chemicals company’s stock worth $69,000 after acquiring an additional 1,858 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 332.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $84,000 after acquiring an additional 1,999 shares during the period. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Stock Up 0.7%

Shares of NYSE:AXTA opened at $27.79 on Wednesday. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $35.72. The firm has a fifty day moving average of $28.02 and a 200 day moving average of $30.41. The firm has a market capitalization of $5.95 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. As a group, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AXTA has been the topic of several research analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $35.00 price target on shares of Axalta Coating Systems in a report on Wednesday, February 11th. UBS Group upped their price target on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Royal Bank Of Canada decreased their price target on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 5th. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $30.00 in a report on Friday, April 10th. Finally, Citigroup decreased their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Hold” and an average target price of $34.15.

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.