Legal & General Group Plc Sells 20,904 Shares of Axalta Coating Systems Ltd. $AXTA

Legal & General Group Plc cut its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 328,129 shares of the specialty chemicals company’s stock after selling 20,904 shares during the period. Legal & General Group Plc’s holdings in Axalta Coating Systems were worth $10,602,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Axalta Coating Systems in the fourth quarter valued at approximately $467,000. EverSource Wealth Advisors LLC grew its holdings in shares of Axalta Coating Systems by 29.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,673 shares of the specialty chemicals company’s stock valued at $248,000 after acquiring an additional 1,730 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Axalta Coating Systems by 43.9% in the fourth quarter. Global Retirement Partners LLC now owns 16,516 shares of the specialty chemicals company’s stock valued at $534,000 after acquiring an additional 5,038 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Axalta Coating Systems by 65.9% in the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 577 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 603 shares during the period. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $31.32 on Thursday. Axalta Coating Systems Ltd. has a one year low of $24.94 and a one year high of $35.72. The business has a fifty day moving average price of $28.54 and a 200-day moving average price of $30.52. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53. The firm has a market capitalization of $6.70 billion, a P/E ratio of 18.31, a PEG ratio of 1.59 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. 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, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AXTA. Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a report on Wednesday, February 11th. BMO Capital Markets reissued a “market perform” rating and set a $35.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Mizuho reduced their price objective on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. UBS Group increased their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Four equities research 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 company presently has a consensus rating of “Hold” and an average target price of $34.15.

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.