Axalta Coating Systems Ltd. $AXTA Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 49.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,061 shares of the specialty chemicals company’s stock after selling 51,231 shares during the quarter. Intech Investment Management LLC’s holdings in Axalta Coating Systems were worth $1,682,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Axalta Coating Systems by 12.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,641,269 shares of the specialty chemicals company’s stock worth $447,653,000 after acquiring an additional 1,773,038 shares in the last quarter. Millennium Management LLC raised its stake in Axalta Coating Systems by 475.3% during the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock valued at $224,327,000 after buying an additional 6,475,786 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Axalta Coating Systems by 18.0% during the third quarter. Dimensional Fund Advisors LP now owns 5,095,897 shares of the specialty chemicals company’s stock valued at $145,829,000 after buying an additional 778,222 shares in the last quarter. AQR Capital Management LLC raised its stake in Axalta Coating Systems by 64.9% during the third quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock valued at $107,739,000 after buying an additional 1,506,083 shares in the last quarter. Finally, UBS Group AG raised its stake in Axalta Coating Systems by 207.4% during the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock valued at $93,780,000 after buying an additional 1,958,395 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AXTA. UBS Group upped their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research note on Friday, May 1st. Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada cut their price objective on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, Axalta Coating Systems currently has an average rating of “Hold” and a consensus target price of $34.31.

Axalta Coating Systems Trading Up 2.0%

Shares of NYSE AXTA opened at $31.79 on Friday. The stock has a market capitalization of $6.80 billion, a P/E ratio of 18.59, a PEG ratio of 1.63 and a beta of 1.25. The stock’s 50 day moving average price is $28.64 and its two-hundred day moving average price is $30.54. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $35.72. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The business’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. 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. On average, analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current fiscal year.

Axalta Coating Systems Company 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.