Axalta Coating Systems Ltd. $AXTA Shares Sold by London Co. of Virginia

London Co. of Virginia reduced its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058,342 shares of the specialty chemicals company’s stock after selling 273,762 shares during the period. London Co. of Virginia owned approximately 0.50% of Axalta Coating Systems worth $34,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd increased its position in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 603 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Axalta Coating Systems during the 4th quarter valued at about $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Axalta Coating Systems in the fourth quarter valued at about $35,000. IFP Advisors Inc increased its holdings in shares of Axalta Coating Systems by 65.9% in the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 577 shares during the period. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Axalta Coating Systems by 2,174.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the specialty chemicals company’s stock valued at $52,000 after purchasing an additional 1,544 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Down 1.3%

Shares of AXTA opened at $33.34 on Wednesday. Axalta Coating Systems Ltd. has a 52 week low of $24.94 and a 52 week high of $35.72. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.77 and a beta of 1.25. The stock’s 50-day moving average price is $29.53 and its 200-day moving average price is $30.75.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s revenue was down .6% compared to the same quarter last year. 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. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current year.

Analysts Set New Price Targets

AXTA has been the topic of a number of research reports. UBS Group increased their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Citigroup initiated coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective on the stock. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $30.00 in a report on Friday, April 10th. Mizuho cut their price objective on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Finally, The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems has an average rating of “Hold” and a consensus price target of $34.31.

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.