Pacer Advisors Inc. Sells 225,952 Shares of Axalta Coating Systems Ltd. $AXTA

Pacer Advisors Inc. reduced its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 90.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,561 shares of the specialty chemicals company’s stock after selling 225,952 shares during the period. Pacer Advisors Inc.’s holdings in Axalta Coating Systems were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Axalta Coating Systems by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock valued at $38,533,000 after purchasing an additional 51,130 shares during the last quarter. Jane Street Group LLC grew 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 worth $5,179,000 after buying an additional 35,092 shares during the last quarter. Invesco Ltd. grew its stake in shares of Axalta Coating Systems by 8.5% during the second quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock worth $12,069,000 after buying an additional 31,759 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of 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. Finally, First Trust Advisors LP increased its holdings in shares of Axalta Coating Systems by 22.0% during the second quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock worth $9,445,000 after buying an additional 57,440 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Trading Down 1.9%

NYSE AXTA opened at $37.46 on Tuesday. The business’s 50-day moving average price is $33.91 and its two-hundred day moving average price is $31.48. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $38.61. The firm has a market capitalization of $8.02 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.64 earnings per share. 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, analysts expect that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a report on Friday, May 1st. Mizuho upped their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Citigroup began coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price for the company. Royal Bank Of Canada lifted their price target on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Finally, UBS Group restated a “neutral” rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $36.00.

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.