Geode Capital Management LLC Sells 34,293 Shares of Axalta Coating Systems Ltd. $AXTA

Geode Capital Management LLC reduced its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,921,951 shares of the specialty chemicals company’s stock after selling 34,293 shares during the quarter. Geode Capital Management LLC’s holdings in Axalta Coating Systems were worth $126,743,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake 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 acquiring an additional 603 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Axalta Coating Systems during the fourth quarter valued at approximately $30,000. IFP Advisors Inc boosted its position in shares of Axalta Coating Systems by 65.9% during the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 577 shares during the period. GAMMA Investing LLC boosted its position in shares of 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 valued at $54,000 after buying an additional 504 shares during the period. Finally, Allworth Financial LP boosted its position in shares of 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 valued at $69,000 after buying an additional 1,858 shares during the period. 98.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Mizuho dropped their target price on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Royal Bank Of Canada lowered their price target on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $30.00 in a report on Friday, April 10th. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a report on Friday, May 1st. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $35.00 price target on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.31.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $31.79 on Friday. The business’s fifty day simple moving average is $28.64 and its 200-day simple moving average is $30.54. The company has a market cap of $6.80 billion, a PE ratio of 18.59, a PEG ratio of 1.63 and a beta of 1.25. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last released its 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 return on equity of 22.37% and a net margin of 7.22%.The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $0.59 EPS. The firm’s revenue was down .6% on a year-over-year basis. 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. Analysts expect that Axalta Coating Systems Ltd. will post 2.58 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.