Norges Bank Acquires New Shares in Axalta Coating Systems Ltd. $AXTA

Norges Bank acquired a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,226,697 shares of the specialty chemicals company’s stock, valued at approximately $39,635,000.

Several other institutional investors also recently modified their holdings of the business. Verdence Capital Advisors LLC boosted its holdings in Axalta Coating Systems by 2.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock worth $555,000 after purchasing an additional 330 shares during the last quarter. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 504 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in 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 boosted its holdings 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 worth $47,000 after purchasing an additional 577 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in 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 purchasing an additional 603 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Down 0.9%

Shares of AXTA stock opened at $31.90 on Tuesday. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $35.72. The firm has a fifty day moving average price of $28.82 and a 200-day moving average price of $30.59. 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 company has a market cap of $6.83 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.68 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter 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, equities analysts predict that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AXTA. BMO Capital Markets restated a “market perform” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a report on Wednesday, February 11th. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research report on Friday, May 1st. Citigroup initiated coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price on the stock. Robert W. Baird set a $37.00 target price on Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.31.

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.