SG Americas Securities LLC Has $1.13 Million Stake in Axalta Coating Systems Ltd. $AXTA

SG Americas Securities LLC reduced its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 92.2% in the first quarter, HoldingsChannel.com reports. The firm owned 40,870 shares of the specialty chemicals company’s stock after selling 482,144 shares during the period. SG Americas Securities LLC’s holdings in Axalta Coating Systems were worth $1,132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC raised its holdings in shares of Axalta Coating Systems by 2.0% in 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 boosted its holdings in Axalta Coating Systems by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 504 shares during the last quarter. Principal Securities Inc. boosted its holdings in Axalta Coating Systems by 7.5% during the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after purchasing an additional 511 shares during the last quarter. Park Avenue Securities LLC grew its position 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 purchasing an additional 576 shares in the last quarter. Finally, IFP Advisors Inc grew its position 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 purchasing an additional 577 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho boosted their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada decreased their price target on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a report on Friday, May 1st. Citigroup assumed coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective on the stock. Finally, Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $30.00 in a research note on Friday, April 10th. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.85.

Axalta Coating Systems Trading Down 0.1%

Shares of Axalta Coating Systems stock opened at $35.09 on Friday. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $35.72. The stock’s 50-day simple moving average is $31.07 and its 200 day simple moving average is $31.18. The stock has a market capitalization of $7.51 billion, a P/E ratio of 20.52, a P/E/G ratio of 1.84 and a beta of 1.24. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The company’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 EPS 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.