Axalta Coating Systems Ltd. $AXTA Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 23.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 166,639 shares of the specialty chemicals company’s stock after acquiring an additional 32,196 shares during the quarter. Wedge Capital Management L L P NC owned about 0.08% of Axalta Coating Systems worth $4,769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AXTA. Northern Trust Corp raised its stake in shares of Axalta Coating Systems by 4.1% during the first quarter. Northern Trust Corp now owns 1,992,499 shares of the specialty chemicals company’s stock valued at $66,091,000 after purchasing an additional 78,915 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Axalta Coating Systems by 4.1% during the 1st quarter. Hsbc Holdings PLC now owns 53,443 shares of the specialty chemicals company’s stock worth $1,762,000 after buying an additional 2,122 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Axalta Coating Systems in the 1st quarter worth approximately $2,692,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Axalta Coating Systems by 1.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,785,263 shares of the specialty chemicals company’s stock valued at $59,218,000 after acquiring an additional 21,290 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in shares of Axalta Coating Systems by 372.7% during the first quarter. Campbell & CO Investment Adviser LLC now owns 43,044 shares of the specialty chemicals company’s stock valued at $1,428,000 after acquiring an additional 33,938 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

AXTA opened at $32.06 on Monday. The firm has a market capitalization of $6.84 billion, a P/E ratio of 15.34, a PEG ratio of 1.26 and a beta of 1.29. The stock has a fifty day moving average of $29.19 and a 200-day moving average of $29.62. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. Axalta Coating Systems Ltd. has a 12-month low of $26.28 and a 12-month high of $38.37.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.Axalta Coating Systems’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. 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. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of research reports. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Vertical Research set a $37.00 price target on shares of Axalta Coating Systems and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Bank of America lowered their price objective on shares of Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.19.

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.