Legal & General Group Plc Has $10.60 Million Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Legal & General Group Plc trimmed its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328,129 shares of the specialty chemicals company’s stock after selling 20,904 shares during the quarter. Legal & General Group Plc owned about 0.15% of Axalta Coating Systems worth $10,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in Axalta Coating Systems by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock worth $38,533,000 after buying an additional 51,130 shares during the period. Jane Street Group LLC raised its stake in Axalta Coating Systems by 29.0% during the 1st 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. raised its stake in Axalta Coating Systems by 8.5% during the 2nd quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock worth $12,069,000 after buying an additional 31,759 shares during the period. EverSource Wealth Advisors LLC raised its stake in 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 worth $104,000 after buying an additional 2,758 shares during the period. Finally, First Trust Advisors LP raised its stake in 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 worth $9,445,000 after buying an additional 57,440 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AXTA has been the topic of a number of research reports. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research note on Friday, May 1st. Robert W. Baird set a $37.00 price target on Axalta Coating Systems in a research note on Wednesday, February 11th. Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $39.00 to $30.00 in a research note on Friday, April 10th. Royal Bank Of Canada dropped their price target on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 5th. Finally, Mizuho dropped their price target on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Hold” and a consensus target price of $34.15.

Axalta Coating Systems Stock Up 3.1%

Shares of NYSE:AXTA opened at $31.32 on Thursday. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.59 and a beta of 1.25. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72. The business’s 50 day moving average is $28.54 and its 200 day moving average is $30.52.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. The company 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%.Axalta Coating Systems’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.58 earnings per share 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.