The Manufacturers Life Insurance Company Buys New Holdings in Axalta Coating Systems Ltd. $AXTA

The Manufacturers Life Insurance Company purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 90,898 shares of the specialty chemicals company’s stock, valued at approximately $3,111,000.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Axalta Coating Systems in the 2nd quarter valued at about $668,541,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Axalta Coating Systems during the 2nd quarter worth approximately $599,029,000. Artisan Partners Limited Partnership raised its holdings in Axalta Coating Systems by 887.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after buying an additional 11,301,977 shares during the period. Channing Capital Management LLC raised its holdings in Axalta Coating Systems by 672.6% in the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock valued at $98,157,000 after buying an additional 2,644,783 shares during the period. Finally, Parsifal Capital Management LP acquired a new position in Axalta Coating Systems during the second quarter valued at approximately $82,069,655. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Down 3.8%

Shares of NYSE AXTA opened at $35.03 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $38.61. The stock’s 50-day simple moving average is $35.03 and its 200-day simple moving average is $31.78. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 1.69 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. Axalta Coating Systems’s revenue for the quarter was up 3.1% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AXTA shares. Weiss Ratings upgraded shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Wall Street Zen lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Citigroup assumed coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price for the company. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research report on Wednesday, July 29th. Finally, BMO Capital Markets increased their price objective on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $36.00.

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.