Fieldview Capital Management LLC Decreases Position in Axalta Coating Systems Ltd. $AXTA

Fieldview Capital Management LLC trimmed its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 55.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,560 shares of the specialty chemicals company’s stock after selling 49,752 shares during the period. Fieldview Capital Management LLC’s holdings in Axalta Coating Systems were worth $1,161,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Westwood Holdings Group Inc. increased its position in shares of Axalta Coating Systems by 22.2% during the second quarter. Westwood Holdings Group Inc. now owns 717,059 shares of the specialty chemicals company’s stock worth $21,289,000 after purchasing an additional 130,347 shares in the last quarter. CWM LLC lifted its holdings in Axalta Coating Systems by 211.8% in the 3rd quarter. CWM LLC now owns 141,253 shares of the specialty chemicals company’s stock valued at $4,043,000 after purchasing an additional 95,950 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in Axalta Coating Systems by 23.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 166,639 shares of the specialty chemicals company’s stock valued at $4,769,000 after purchasing an additional 32,196 shares in the last quarter. Intech Investment Management LLC boosted its stake in Axalta Coating Systems by 277.3% during the 3rd quarter. Intech Investment Management LLC now owns 103,292 shares of the specialty chemicals company’s stock worth $2,956,000 after purchasing an additional 75,915 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC boosted its stake in Axalta Coating Systems by 7.1% during the 3rd quarter. Locust Wood Capital Advisers LLC now owns 3,472,354 shares of the specialty chemicals company’s stock worth $99,379,000 after purchasing an additional 231,498 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of recent research reports. Mizuho set a $39.00 target price on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Robert W. Baird set a $37.00 price target 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 price objective on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $36.56.

Axalta Coating Systems Stock Down 0.8%

NYSE AXTA opened at $29.39 on Tuesday. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $35.72. 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 business’s fifty day simple moving average is $33.25 and its 200-day simple moving average is $30.93. The firm has a market cap of $6.27 billion, a PE ratio of 16.89, a P/E/G ratio of 1.30 and a beta of 1.29.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data 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). Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current 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.