Burns Matteson Capital Management LLC Invests $780,000 in Axalta Coating Systems Ltd. $AXTA

Burns Matteson Capital Management LLC bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,126 shares of the specialty chemicals company’s stock, valued at approximately $780,000.

Several other hedge funds have also added to or reduced their stakes in AXTA. GAMMA Investing LLC boosted its stake in Axalta Coating Systems by 42.9% in the 4th quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 504 shares during the period. True Wealth Design LLC increased its position in Axalta Coating Systems by 1,533.6% during the 3rd quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 1,687 shares during the period. Allworth Financial LP lifted its holdings in shares of Axalta Coating Systems by 339.7% during the third quarter. Allworth Financial LP now owns 2,405 shares of the specialty chemicals company’s stock worth $69,000 after buying an additional 1,858 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Axalta Coating Systems by 371.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock valued at $104,000 after acquiring an additional 2,758 shares during the period. Finally, State of Wyoming boosted its position 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 during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and set a $35.00 price target on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Robert W. Baird set a $37.00 target price on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. UBS Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Mizuho dropped their price target on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Finally, Royal Bank Of Canada boosted their price target on Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. Seven 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, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus target price of $36.13.

Axalta Coating Systems Price Performance

Shares of AXTA stock opened at $27.72 on Wednesday. The business has a fifty day simple moving average of $31.45 and a 200 day simple moving average of $30.48. The company has a market cap of $5.92 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.17 and a beta of 1.29. 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 twelve month low of $24.94 and a twelve month high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter 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. On average, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

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.