Public Employees Retirement System of Ohio Invests $2.26 Million in Axalta Coating Systems Ltd. $AXTA

Public Employees Retirement System of Ohio acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 66,080 shares of the specialty chemicals company’s stock, valued at approximately $2,261,000.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd increased its position in Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 603 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Axalta Coating Systems during the fourth quarter valued at $32,000. Los Angeles Capital Management LLC acquired a new stake in shares of Axalta Coating Systems during the fourth quarter valued at $35,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Axalta Coating Systems during the first quarter valued at $30,000. Finally, IFP Advisors Inc increased its position in Axalta Coating Systems by 65.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. BMO Capital Markets lifted their price target on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Mizuho boosted their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Robert W. Baird upped their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems Stock Down 0.3%

AXTA opened at $35.88 on Friday. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $38.61. The business has a 50-day moving average of $35.10 and a two-hundred day moving average of $31.84. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.65 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.64 EPS. The company’s revenue was up 3.1% on a year-over-year basis. 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. On average, research analysts expect that Axalta Coating Systems Ltd. will post 2.64 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.