Wedge Capital Management L L P NC Has $4.77 Million Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Wedge Capital Management L L P NC boosted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 23.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166,639 shares of the specialty chemicals company’s stock after buying an additional 32,196 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Axalta Coating Systems were worth $4,769,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cullen Frost Bankers Inc. purchased a new stake in shares of Axalta Coating Systems during the second quarter worth $37,000. IFP Advisors Inc acquired a new position in Axalta Coating Systems in the 2nd quarter worth about $39,000. FNY Investment Advisers LLC acquired a new position in Axalta Coating Systems in the 2nd quarter worth about $49,000. EverSource Wealth Advisors LLC raised its stake in shares of Axalta Coating Systems by 371.2% during the 2nd 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 in the last quarter. Finally, Fiduciary Family Office LLC acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at about $211,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Up 0.2%

Axalta Coating Systems stock opened at $32.06 on Monday. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $38.37. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20. The firm has a market capitalization of $6.84 billion, a PE ratio of 15.34, a PEG ratio of 1.26 and a beta of 1.29. The business’s 50-day simple moving average is $29.19 and its 200-day simple moving average is $29.62.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The company’s revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.59 EPS. 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. Equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

AXTA has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 29th. UBS Group cut their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, October 29th. Mizuho reduced their price objective on shares of Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Finally, Bank of America decreased their price objective on shares of Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, October 14th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.19.

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.