Perpetual Ltd Raises Stake in Axalta Coating Systems Ltd. $AXTA

Perpetual Ltd lifted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 29.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 917,760 shares of the specialty chemicals company’s stock after buying an additional 209,328 shares during the quarter. Perpetual Ltd owned approximately 0.42% of Axalta Coating Systems worth $26,266,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its holdings in Axalta Coating Systems by 2.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $427,000 after acquiring an additional 368 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Axalta Coating Systems by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the specialty chemicals company’s stock worth $1,826,000 after purchasing an additional 400 shares during the period. State of Michigan Retirement System raised its position in shares of Axalta Coating Systems by 0.8% in the second quarter. State of Michigan Retirement System now owns 52,600 shares of the specialty chemicals company’s stock worth $1,562,000 after buying an additional 400 shares in the last quarter. Blue Trust Inc. raised its position in shares of Axalta Coating Systems by 7.7% in the second quarter. Blue Trust Inc. now owns 7,317 shares of the specialty chemicals company’s stock worth $217,000 after buying an additional 521 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in Axalta Coating Systems by 8.1% during the second quarter. Truist Financial Corp now owns 7,426 shares of the specialty chemicals company’s stock valued at $220,000 after buying an additional 556 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AXTA shares. Wells Fargo & Company upped their target price on Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. UBS Group lowered their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. JPMorgan Chase & Co. dropped their target price on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Bank of America decreased their price target on shares of Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $30.00 price objective (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Wednesday, November 19th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Axalta Coating Systems currently has an average rating of “Moderate Buy” and a consensus price target of $36.19.

Axalta Coating Systems Trading Up 0.2%

AXTA stock opened at $32.06 on Friday. The company has a market capitalization of $6.84 billion, a PE ratio of 15.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29. Axalta Coating Systems Ltd. has a one year low of $26.28 and a one year high of $38.37. The company’s 50 day moving average price is $29.19 and its two-hundred day moving average price is $29.63. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 8.81% and a return on equity of 24.92%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS and its FY 2025 guidance at 2.500-2.500 EPS. As a group, analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.