HITE Hedge Asset Management LLC Purchases Shares of 277,129 Axalta Coating Systems Ltd. $AXTA

HITE Hedge Asset Management LLC purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 277,129 shares of the specialty chemicals company’s stock, valued at approximately $7,931,000.

Several other large investors also recently modified their holdings of the stock. True Wealth Design LLC increased its stake in shares of Axalta Coating Systems by 1,533.6% in the 3rd quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 1,687 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Axalta Coating Systems by 371.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after acquiring an additional 2,758 shares in the last quarter. State of Wyoming grew its holdings in Axalta Coating Systems by 28.0% in the third quarter. State of Wyoming now owns 5,360 shares of the specialty chemicals company’s stock worth $153,000 after purchasing an additional 1,174 shares during the period. Hantz Financial Services Inc. increased its stake in Axalta Coating Systems by 1,404.3% in the third quarter. Hantz Financial Services Inc. now owns 7,040 shares of the specialty chemicals company’s stock valued at $201,000 after purchasing an additional 6,572 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Axalta Coating Systems in the second quarter valued at $216,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AXTA shares. UBS Group reiterated a “neutral” rating and set a $36.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, February 11th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. The Goldman Sachs Group upped their price target on Axalta Coating Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada raised their price objective on Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $36.56.

Axalta Coating Systems Stock Down 1.8%

Axalta Coating Systems stock opened at $27.83 on Friday. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 1.24 and a beta of 1.29. The firm’s fifty day moving average price is $33.01 and its two-hundred day moving average price is $30.87. Axalta Coating Systems Ltd. has a 1-year low of $26.28 and a 1-year high of $35.72. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.33.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. On average, equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

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.