Aaron Wealth Advisors LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,563 shares of the specialty chemicals company’s stock, valued at approximately $664,000.
Several other institutional investors have also recently made changes to their positions in the business. Global Retirement Partners LLC raised its holdings in shares of Axalta Coating Systems by 4.2% during the third quarter. Global Retirement Partners LLC now owns 11,478 shares of the specialty chemicals company’s stock worth $328,000 after purchasing an additional 464 shares during the last quarter. GAMMA Investing LLC increased its holdings in Axalta Coating Systems by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 504 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Axalta Coating Systems by 2.2% in the fourth quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock valued at $863,000 after buying an additional 576 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Axalta Coating Systems by 7.1% in the third quarter. TD Private Client Wealth LLC now owns 10,995 shares of the specialty chemicals company’s stock valued at $315,000 after buying an additional 729 shares in the last quarter. Finally, R Squared Ltd increased its holdings in Axalta Coating Systems by 9.9% in the third quarter. R Squared Ltd now owns 10,270 shares of the specialty chemicals company’s stock valued at $294,000 after buying an additional 927 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have weighed in on AXTA. Citigroup cut their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. BMO Capital Markets reaffirmed a “market perform” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Royal Bank Of Canada lifted their price objective on shares of Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. The Goldman Sachs Group lifted their price objective on shares of Axalta Coating Systems from $36.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Mizuho cut their price objective on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Six investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.00.
Axalta Coating Systems Stock Down 0.7%
AXTA stock opened at $28.46 on Friday. The stock has a market capitalization of $6.07 billion, a P/E ratio of 16.36, a P/E/G ratio of 1.26 and a beta of 1.33. The firm has a 50-day simple moving average of $30.54 and a 200-day simple moving average of $30.31. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33. Axalta Coating Systems Ltd. has a 52 week low of $24.94 and a 52 week high of $35.72.
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last released its earnings results 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 company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.
Axalta Coating Systems 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.
Further Reading
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