HITE Hedge Asset Management LLC Takes Position in Axalta Coating Systems Ltd. $AXTA

HITE Hedge Asset Management LLC acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 277,129 shares of the specialty chemicals company’s stock, valued at approximately $7,931,000. HITE Hedge Asset Management LLC owned about 0.13% of Axalta Coating Systems at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. increased its position in Axalta Coating Systems by 1.1% in the 3rd quarter. Invesco Ltd. now owns 411,001 shares of the specialty chemicals company’s stock valued at $11,763,000 after acquiring an additional 4,490 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Axalta Coating Systems by 67.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,047,679 shares of the specialty chemicals company’s stock worth $29,985,000 after purchasing an additional 421,770 shares during the period. UBS Group AG lifted its holdings in shares of Axalta Coating Systems by 202.3% during the third quarter. UBS Group AG now owns 944,112 shares of the specialty chemicals company’s stock worth $27,020,000 after purchasing an additional 631,779 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Axalta Coating Systems by 171.1% in the third quarter. BNP Paribas Financial Markets now owns 382,557 shares of the specialty chemicals company’s stock worth $10,949,000 after purchasing an additional 241,443 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Axalta Coating Systems by 12.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,641,269 shares of the specialty chemicals company’s stock worth $447,653,000 after purchasing an additional 1,773,038 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXTA has been the subject of several analyst reports. Citigroup raised their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, January 21st. BMO Capital Markets reissued a “market perform” rating and issued a $35.00 price target on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. UBS Group restated a “neutral” rating and set a $36.00 price objective on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Axalta Coating Systems presently has a consensus rating of “Hold” and an average target price of $36.56.

Axalta Coating Systems Price Performance

AXTA stock opened at $27.83 on Friday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 1.24 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33. Axalta Coating Systems Ltd. has a 12-month low of $26.28 and a 12-month high of $35.72. The company’s fifty day simple moving average is $33.01 and its 200 day simple moving average is $30.87.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. On average, analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.