1,226,697 Shares in Axalta Coating Systems Ltd. $AXTA Bought by Norges Bank

Norges Bank purchased a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,226,697 shares of the specialty chemicals company’s stock, valued at approximately $39,635,000. Norges Bank owned 0.57% of Axalta Coating Systems as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 603 shares during the period. Eagle Bay Advisors LLC purchased a new stake in Axalta Coating Systems in the fourth quarter worth $30,000. IFP Advisors Inc grew its holdings in 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 worth $47,000 after purchasing an additional 577 shares during the period. GAMMA Investing LLC grew its holdings in Axalta Coating Systems by 42.9% in 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 period. Finally, Allworth Financial LP grew its holdings in Axalta Coating Systems by 339.7% in the third quarter. Allworth Financial LP now owns 2,405 shares of the specialty chemicals company’s stock worth $69,000 after purchasing an additional 1,858 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Down 0.9%

NYSE:AXTA opened at $31.90 on Tuesday. The company’s 50 day moving average price is $28.82 and its 200-day moving average price is $30.59. 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 stock has a market cap of $6.83 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.68 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. 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, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AXTA shares. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Citigroup started coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective on the stock. UBS Group upped their price objective on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Mizuho cut their target price 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. Finally, Royal Bank Of Canada cut their target price 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. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average 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.