90,898 Shares in Axalta Coating Systems Ltd. $AXTA Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 90,898 shares of the specialty chemicals company’s stock, valued at approximately $3,111,000.

A number of other large investors have also recently bought and sold shares of AXTA. Goldman Sachs Group Inc. raised its holdings in shares of Axalta Coating Systems by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock worth $38,533,000 after acquiring an additional 51,130 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of Axalta Coating Systems by 29.0% during the first quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock valued at $5,179,000 after acquiring an additional 35,092 shares during the last quarter. Invesco Ltd. increased its position in Axalta Coating Systems by 8.5% during the 2nd quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock worth $12,069,000 after purchasing an additional 31,759 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Axalta Coating Systems by 371.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 2,758 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Axalta Coating Systems by 22.0% in the 2nd quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock valued at $9,445,000 after purchasing an additional 57,440 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AXTA shares. Mizuho lifted their price target on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Robert W. Baird upped their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. BMO Capital Markets lifted their target price on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems currently has an average rating of “Hold” and an average price target of $36.00.

Axalta Coating Systems Stock Down 3.8%

AXTA opened at $35.03 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.24. The business has a 50-day moving average of $35.03 and a two-hundred day moving average of $31.78. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $38.61.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.64 EPS. The company’s revenue was up 3.1% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. On average, research analysts expect that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current 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.