Leeward Investments LLC MA Sells 28,119 Shares of Axalta Coating Systems Ltd. $AXTA

Leeward Investments LLC MA decreased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 4.0% during the third quarter, HoldingsChannel.com reports. The firm owned 683,289 shares of the specialty chemicals company’s stock after selling 28,119 shares during the quarter. Axalta Coating Systems makes up about 1.1% of Leeward Investments LLC MA’s holdings, making the stock its 24th biggest holding. Leeward Investments LLC MA’s holdings in Axalta Coating Systems were worth $21,975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Formuepleje A S grew its holdings in shares of Axalta Coating Systems by 0.5% in the third quarter. Formuepleje A S now owns 60,905 shares of the specialty chemicals company’s stock worth $1,959,000 after purchasing an additional 321 shares during the last quarter. GAMMA Investing LLC boosted its position in Axalta Coating Systems by 18.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,615 shares of the specialty chemicals company’s stock valued at $84,000 after buying an additional 413 shares during the period. NorthCrest Asset Manangement LLC boosted its position in Axalta Coating Systems by 8.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,550 shares of the specialty chemicals company’s stock valued at $248,000 after buying an additional 614 shares during the period. Mint Tower Capital Management B.V. purchased a new stake in Axalta Coating Systems in the 2nd quarter valued at about $31,000. Finally, State of Michigan Retirement System grew its stake in Axalta Coating Systems by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 51,400 shares of the specialty chemicals company’s stock worth $1,424,000 after acquiring an additional 1,000 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AXTA shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Axalta Coating Systems in a research note on Monday, September 21st. UBS Group dropped their price objective on Axalta Coating Systems from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. The Goldman Sachs Group restated a “buy” rating and set a $38.00 price objective on shares of Axalta Coating Systems in a report on Friday, October 9th. Royal Bank Of Canada lifted their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has an average rating of “Hold” and a consensus target price of $38.18.

Axalta Coating Systems Trading Up 0.0%

NYSE:AXTA opened at $34.16 on Monday. Axalta Coating Systems Ltd. has a one year low of $24.94 and a one year high of $38.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The firm has a market cap of $7.31 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.85 and a beta of 1.26. The firm has a 50-day simple moving average of $34.16 and a 200-day simple moving average of $32.73.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the company earned $0.64 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. Equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. (NYSE: AXTA) develops, manufactures and sells coatings and coating technologies designed to protect, enhance and improve the appearance of vehicles, equipment and industrial products. Its offerings include liquid, powder and electrocoat products, along with related color-management tools, application technologies and technical services.

The company serves several markets, including automotive original equipment manufacturers, automotive refinish businesses, commercial transportation, industrial equipment, architecture and general manufacturing.