Handelsbanken Fonder AB Sells 18,800 Shares of Axalta Coating Systems Ltd. $AXTA

Handelsbanken Fonder AB trimmed its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 19.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,300 shares of the specialty chemicals company’s stock after selling 18,800 shares during the period. Handelsbanken Fonder AB’s holdings in Axalta Coating Systems were worth $2,645,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in Axalta Coating Systems by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock valued at $38,533,000 after purchasing an additional 51,130 shares during the period. Jane Street Group LLC raised its stake in shares of Axalta Coating Systems by 29.0% in the first 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. lifted its position in shares of Axalta Coating Systems by 8.5% during the 2nd quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock valued at $12,069,000 after buying an additional 31,759 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Axalta Coating Systems by 371.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock valued at $104,000 after buying an additional 2,758 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Axalta Coating Systems by 22.0% during 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 Down 0.2%

Shares of AXTA opened at $37.23 on Monday. The business’s 50 day moving average is $34.37 and its 200 day moving average is $31.58. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $38.61. The company has a market capitalization of $7.97 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.64 EPS. 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. Research analysts expect that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BMO Capital Markets raised their target price on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a research report on Friday, May 1st. Robert W. Baird increased their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Finally, 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. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $36.00.

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.