Principal Financial Group Inc. Purchases 17,666 Shares of Axalta Coating Systems Ltd. $AXTA

Principal Financial Group Inc. raised its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.8% in the first quarter, Holdings Channel reports. The firm owned 476,691 shares of the specialty chemicals company’s stock after acquiring an additional 17,666 shares during the quarter. Principal Financial Group Inc.’s holdings in Axalta Coating Systems were worth $13,204,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Axalta Coating Systems by 71.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 105,987 shares of the specialty chemicals company’s stock valued at $3,491,000 after acquiring an additional 44,343 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Axalta Coating Systems by 88.4% in the 4th quarter. SG Americas Securities LLC now owns 523,014 shares of the specialty chemicals company’s stock worth $16,899,000 after purchasing an additional 245,453 shares in the last quarter. UBS Group AG raised its stake in shares of Axalta Coating Systems by 207.4% in the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock worth $93,780,000 after purchasing an additional 1,958,395 shares during the last quarter. Arnhold LLC raised its stake in shares of Axalta Coating Systems by 111.8% in the fourth quarter. Arnhold LLC now owns 500,700 shares of the specialty chemicals company’s stock worth $16,178,000 after purchasing an additional 264,281 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after purchasing an additional 11,301,977 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Performance

AXTA stock opened at $32.76 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $35.72. The company has a market cap of $7.01 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. The stock’s fifty day moving average price is $32.35 and its 200-day moving average price is $31.23.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. Axalta Coating Systems’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. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AXTA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Tuesday, June 16th. Royal Bank Of Canada boosted their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a report on Friday, May 1st. UBS Group lifted their price target on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Finally, Mizuho boosted their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $35.67.

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.