Texas Permanent School Fund Corp Has $4.94 Million Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Texas Permanent School Fund Corp boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 10.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,275 shares of the specialty chemicals company’s stock after buying an additional 16,169 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of Axalta Coating Systems worth $4,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AXTA. Westwood Holdings Group Inc. lifted its holdings in shares of Axalta Coating Systems by 22.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 717,059 shares of the specialty chemicals company’s stock worth $21,289,000 after purchasing an additional 130,347 shares in the last quarter. Prudential Financial Inc. raised its holdings in Axalta Coating Systems by 185.9% during the second quarter. Prudential Financial Inc. now owns 139,240 shares of the specialty chemicals company’s stock worth $4,134,000 after buying an additional 90,546 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Axalta Coating Systems by 327.5% in the first quarter. MetLife Investment Management LLC now owns 525,469 shares of the specialty chemicals company’s stock valued at $17,430,000 after buying an additional 402,552 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Axalta Coating Systems by 159.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 39,651 shares of the specialty chemicals company’s stock valued at $1,224,000 after buying an additional 24,345 shares in the last quarter. Finally, Aviva PLC acquired a new position in shares of Axalta Coating Systems during the second quarter valued at about $375,000. Institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Axalta Coating Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Citigroup raised their target price on Axalta Coating Systems from $34.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Vertical Research set a $37.00 price target on Axalta Coating Systems and gave the stock a “buy” rating in a report on Wednesday, October 15th. UBS Group lowered their price target on Axalta Coating Systems from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.06.

Axalta Coating Systems Stock Up 1.6%

AXTA stock opened at $31.92 on Thursday. The stock’s fifty day simple moving average is $28.97 and its two-hundred day simple moving average is $29.61. The company has a current ratio of 2.20, a quick ratio of 1.59 and a debt-to-equity ratio of 1.45. Axalta Coating Systems Ltd. has a 1-year low of $26.28 and a 1-year high of $38.37. The stock has a market cap of $6.81 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.24 and a beta of 1.29.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The business’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS and its FY 2025 guidance at 2.500-2.500 EPS. Analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.