Corient Private Wealth LLC Purchases New Stake in Axalta Coating Systems Ltd. $AXTA

Corient Private Wealth LLC bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, Holdings Channel reports. The fund bought 29,532 shares of the specialty chemicals company’s stock, valued at approximately $955,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 51,130 shares during the last quarter. Jane Street Group LLC grew its position in shares of 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 worth $5,179,000 after buying an additional 35,092 shares during the period. Invesco Ltd. increased its stake in shares of Axalta Coating Systems by 8.5% in the 2nd quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock valued at $12,069,000 after acquiring an additional 31,759 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Axalta Coating Systems by 371.2% in the 2nd 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, First Trust Advisors LP raised its position in shares of Axalta Coating Systems by 22.0% in the 2nd quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock valued at $9,445,000 after acquiring an additional 57,440 shares during the period. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $35.09 on Friday. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The stock’s 50-day moving average is $30.96 and its 200-day moving average is $31.15. Axalta Coating Systems Ltd. has a one year low of $24.94 and a one year high of $35.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.Axalta Coating Systems’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $0.59 earnings per share. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on AXTA shares. Royal Bank Of Canada decreased their price objective on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Mizuho raised their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a report on Friday, May 1st. Wells Fargo & Company cut Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $39.00 to $30.00 in a research note on Friday, April 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Tuesday, June 16th. Four research 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.com, the company currently has an average rating of “Hold” and a consensus target price of $34.85.

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.