Thrivent Financial for Lutherans Decreases Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Thrivent Financial for Lutherans lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,943,713 shares of the specialty chemicals company’s stock after selling 78,893 shares during the period. Thrivent Financial for Lutherans’ holdings in Axalta Coating Systems were worth $62,801,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in Axalta Coating Systems during the fourth quarter worth about $30,000. GAMMA Investing LLC boosted its holdings in Axalta Coating Systems by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 504 shares in the last quarter. Allworth Financial LP boosted its holdings in Axalta Coating Systems by 339.7% during the third quarter. Allworth Financial LP now owns 2,405 shares of the specialty chemicals company’s stock worth $69,000 after buying an additional 1,858 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Axalta Coating Systems by 332.1% during the fourth quarter. Farther Finance Advisors LLC now owns 2,601 shares of the specialty chemicals company’s stock worth $84,000 after buying an additional 1,999 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 buying an additional 2,758 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AXTA. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Citigroup decreased their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Robert W. Baird set a $37.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, February 11th. BMO Capital Markets reissued a “market perform” rating and set a $35.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $36.00 price objective on shares of Axalta Coating Systems in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Hold” and an average target price of $34.15.

Axalta Coating Systems Stock Down 4.8%

Shares of NYSE AXTA opened at $26.82 on Friday. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72. The company has a market capitalization of $5.74 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53. The firm’s 50-day moving average is $28.11 and its two-hundred day moving average is $30.43.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. Equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal 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.