Crossmark Global Holdings Inc. Cuts Stake in Axalta Coating Systems Ltd. $AXTA

Crossmark Global Holdings Inc. cut its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 66.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,046 shares of the specialty chemicals company’s stock after selling 25,751 shares during the period. Crossmark Global Holdings Inc.’s holdings in Axalta Coating Systems were worth $373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AXTA. Goldman Sachs Group Inc. raised its holdings 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 worth $38,533,000 after acquiring an additional 51,130 shares during the last quarter. Jane Street Group LLC boosted its stake in Axalta Coating Systems by 29.0% during the 1st quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock valued at $5,179,000 after purchasing an additional 35,092 shares during the last quarter. Aviva PLC purchased a new stake in Axalta Coating Systems during the 2nd quarter valued at $375,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Axalta Coating Systems in the 2nd quarter worth $5,321,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Axalta Coating Systems by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 62,068 shares of the specialty chemicals company’s stock worth $1,843,000 after purchasing an additional 1,436 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AXTA shares. Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a research report on Wednesday, February 11th. Citigroup boosted their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Vertical Research cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group raised their price target 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, Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.56.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $28.34 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $6.05 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.28 and a beta of 1.29. The firm’s 50 day moving average price is $33.10 and its 200-day moving average price is $30.90. Axalta Coating Systems Ltd. has a twelve month low of $26.28 and a twelve month high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The business’s quarterly 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. Equities research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current 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.