Axalta Coating Systems Ltd. $AXTA Stake Lowered by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 49.6% in the 4th quarter, Holdings Channel reports. The firm owned 52,061 shares of the specialty chemicals company’s stock after selling 51,231 shares during the quarter. Intech Investment Management LLC’s holdings in Axalta Coating Systems were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Verdence Capital Advisors LLC grew its holdings in shares of Axalta Coating Systems by 2.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after purchasing an additional 330 shares during the last quarter. GAMMA Investing LLC grew its holdings in Axalta Coating Systems by 42.9% in the 4th quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 504 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Axalta Coating Systems by 2.2% in the 4th quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock worth $863,000 after buying an additional 576 shares in the last quarter. IFP Advisors Inc grew its holdings in Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 577 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 603 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AXTA shares. UBS Group increased their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a report on Wednesday, February 11th. Citigroup started coverage on Axalta Coating Systems in a report on Thursday. They issued a “buy” rating and a $44.00 price objective for the company. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a report on Friday, May 1st. Finally, Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $30.00 in a report on Friday, April 10th. Four 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 presently has a consensus rating of “Hold” and an average target price of $34.31.

Axalta Coating Systems Stock Performance

AXTA opened at $31.79 on Friday. The business has a 50 day moving average price of $28.64 and a two-hundred day moving average price of $30.54. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.63 and a beta of 1.25. Axalta Coating Systems Ltd. has a 1-year low of $24.94 and a 1-year high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. 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. Research analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Axalta Coating Systems Company 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.