Axalta Coating Systems Ltd. $AXTA Stake Reduced by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 512,577 shares of the specialty chemicals company’s stock after selling 37,001 shares during the period. Envestnet Asset Management Inc. owned approximately 0.24% of Axalta Coating Systems worth $14,670,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AXTA. Westwood Holdings Group Inc. raised its holdings in shares of Axalta Coating Systems by 22.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 717,059 shares of the specialty chemicals company’s stock worth $21,289,000 after purchasing an additional 130,347 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Axalta Coating Systems by 23.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 166,639 shares of the specialty chemicals company’s stock valued at $4,769,000 after acquiring an additional 32,196 shares during the last quarter. CWM LLC boosted its position in shares of Axalta Coating Systems by 211.8% in the 3rd quarter. CWM LLC now owns 141,253 shares of the specialty chemicals company’s stock valued at $4,043,000 after purchasing an additional 95,950 shares during the period. Locust Wood Capital Advisers LLC increased its stake in Axalta Coating Systems by 7.1% in the 3rd quarter. Locust Wood Capital Advisers LLC now owns 3,472,354 shares of the specialty chemicals company’s stock worth $99,379,000 after purchasing an additional 231,498 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in Axalta Coating Systems by 56.0% during the 2nd quarter. Schroder Investment Management Group now owns 645,464 shares of the specialty chemicals company’s stock worth $19,280,000 after buying an additional 231,721 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AXTA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, January 21st. UBS Group reissued a “neutral” rating and set a $36.00 target price on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. JPMorgan Chase & Co. decreased their target price on Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Wells Fargo & Company upped their price target on Axalta Coating Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Mizuho set a $39.00 price objective on Axalta Coating Systems in a research note on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.56.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $34.12 on Tuesday. The firm’s 50-day moving average is $32.83 and its 200-day moving average is $30.57. Axalta Coating Systems Ltd. has a 52-week low of $26.28 and a 52-week high of $37.72. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.50 and a current ratio of 2.06. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 1.50 and a beta of 1.29.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 10th. The specialty chemicals company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.Axalta Coating Systems’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 earnings per share. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 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.