Channing Capital Management LLC Raises Stock Position in Axalta Coating Systems Ltd. $AXTA

Channing Capital Management LLC lifted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 17.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 393,207 shares of the specialty chemicals company’s stock after purchasing an additional 59,286 shares during the quarter. Channing Capital Management LLC owned about 0.18% of Axalta Coating Systems worth $11,254,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new stake in Axalta Coating Systems during the 2nd quarter worth approximately $37,000. True Wealth Design LLC grew its stake in shares of Axalta Coating Systems by 1,533.6% in the third quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock worth $51,000 after acquiring an additional 1,687 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 acquiring an additional 2,758 shares during the period. State of Wyoming raised its stake in shares of Axalta Coating Systems by 28.0% in the third quarter. State of Wyoming now owns 5,360 shares of the specialty chemicals company’s stock valued at $153,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in Axalta Coating Systems by 1,404.3% in the third quarter. Hantz Financial Services Inc. now owns 7,040 shares of the specialty chemicals company’s stock valued at $201,000 after purchasing an additional 6,572 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group upped their price target on Axalta Coating Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. BMO Capital Markets restated a “market perform” rating and set a $35.00 target price on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Robert W. Baird set a $37.00 price target on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Mizuho set a $39.00 price objective on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, UBS Group restated a “neutral” rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.56.

Axalta Coating Systems Stock Down 0.4%

Shares of NYSE:AXTA opened at $34.49 on Friday. The firm has a 50 day simple moving average of $33.23 and a 200-day simple moving average of $30.74. Axalta Coating Systems Ltd. has a twelve month low of $26.28 and a twelve month high of $37.50. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $7.36 billion, a PE ratio of 19.82, a P/E/G ratio of 1.52 and a beta of 1.29.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. Axalta Coating Systems’s revenue was down 3.7% compared to the same quarter last year. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. On average, equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal 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.