Locust Wood Capital Advisers LLC Trims Stake in Axalta Coating Systems Ltd. $AXTA

Locust Wood Capital Advisers LLC decreased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 42.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,983,338 shares of the specialty chemicals company’s stock after selling 1,489,016 shares during the period. Axalta Coating Systems makes up approximately 1.5% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 28th biggest position. Locust Wood Capital Advisers LLC’s holdings in Axalta Coating Systems were worth $64,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Verdence Capital Advisors LLC raised its holdings in shares of Axalta Coating Systems by 2.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after acquiring an additional 330 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 in the last quarter. Park Avenue Securities LLC increased its position in shares of Axalta Coating Systems by 2.2% in the fourth quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock worth $863,000 after purchasing an additional 576 shares during the last quarter. IFP Advisors Inc raised its stake in 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 purchasing an additional 577 shares in the last quarter. Finally, Covestor Ltd raised its stake in Axalta Coating Systems by 197.7% in 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 in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXTA has been the subject of a number of research reports. Robert W. Baird set a $37.00 price target on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. UBS Group lifted their price objective 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. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a research note 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 research report on Monday, March 23rd. Finally, Citigroup assumed coverage on Axalta Coating Systems in a research note on Thursday. They set a “buy” rating and a $44.00 price target for the company. Four 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, Axalta Coating Systems presently has a consensus rating of “Hold” and an average price target of $34.31.

Axalta Coating Systems Stock Up 0.0%

Shares of NYSE:AXTA opened at $32.20 on Monday. The stock has a market capitalization of $6.89 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. The stock’s 50-day moving average price is $28.73 and its 200-day moving average price is $30.57. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, beating 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 company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $0.59 EPS. Axalta Coating Systems’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. On average, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 earnings per share 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.