Perpetual Ltd Grows Position in Axalta Coating Systems Ltd. $AXTA

Perpetual Ltd increased its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 29.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 917,760 shares of the specialty chemicals company’s stock after buying an additional 209,328 shares during the quarter. Perpetual Ltd’s holdings in Axalta Coating Systems were worth $26,266,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. bought a new stake in Axalta Coating Systems in the 2nd quarter worth $37,000. IFP Advisors Inc purchased a new stake in shares of Axalta Coating Systems during the second quarter worth about $39,000. FNY Investment Advisers LLC purchased a new stake in shares of Axalta Coating Systems during the second quarter worth about $49,000. EverSource Wealth Advisors LLC grew its stake 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 worth $104,000 after purchasing an additional 2,758 shares during the last quarter. Finally, Fiduciary Family Office LLC purchased a new position in Axalta Coating Systems during the 2nd quarter valued at about $211,000. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on AXTA. Bank of America dropped their price objective on Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. UBS Group decreased their target price on Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Zacks Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company upped their price objective on shares of Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.19.

Axalta Coating Systems Trading Up 0.2%

NYSE AXTA opened at $32.06 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. Axalta Coating Systems Ltd. has a twelve month low of $26.28 and a twelve month high of $38.37. The firm has a market capitalization of $6.84 billion, a PE ratio of 15.34, a P/E/G ratio of 1.26 and a beta of 1.29. The stock’s 50 day moving average is $29.19 and its 200 day moving average is $29.63.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS and its FY 2025 guidance at 2.500-2.500 EPS. Research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.