OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Holdings in Axalta Coating Systems Ltd. $AXTA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 64.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 140,600 shares of the specialty chemicals company’s stock after acquiring an additional 55,350 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Axalta Coating Systems were worth $4,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Slotnik Capital LLC purchased a new stake in shares of Axalta Coating Systems in the fourth quarter worth about $2,100,000. Vanguard Personalized Indexing Management LLC raised its holdings in Axalta Coating Systems by 66.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 20,774 shares of the specialty chemicals company’s stock worth $671,000 after purchasing an additional 8,300 shares during the period. Verition Fund Management LLC raised its holdings in Axalta Coating Systems by 49.8% in the 4th quarter. Verition Fund Management LLC now owns 975,784 shares of the specialty chemicals company’s stock worth $31,528,000 after purchasing an additional 324,384 shares during the period. Mariner LLC raised its holdings in Axalta Coating Systems by 82.9% in the 4th quarter. Mariner LLC now owns 169,464 shares of the specialty chemicals company’s stock worth $5,481,000 after purchasing an additional 76,809 shares during the period. Finally, Focus Partners Wealth raised its holdings in Axalta Coating Systems by 304.0% in the 4th quarter. Focus Partners Wealth now owns 74,617 shares of the specialty chemicals company’s stock worth $2,411,000 after purchasing an additional 56,149 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

AXTA has been the subject of a number of analyst reports. UBS Group upped their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Citigroup initiated coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target for the company. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a report on Friday, May 1st. Royal Bank Of Canada reduced their price target on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Finally, Wells Fargo & Company cut Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $30.00 in a report on Friday, April 10th. 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, the company presently has a consensus rating of “Hold” and an average price target of $34.31.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $33.79 on Tuesday. The business has a 50 day simple moving average of $29.40 and a two-hundred day simple moving average of $30.72. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $35.72. The stock has a market capitalization of $7.23 billion, a P/E ratio of 19.76, a PEG ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS 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 business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business’s 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, analysts predict that Axalta Coating Systems Ltd. will post 2.58 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.