Locust Wood Capital Advisers LLC Lowers Stock Position in Axalta Coating Systems Ltd. $AXTA

Locust Wood Capital Advisers LLC trimmed its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 42.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,983,338 shares of the specialty chemicals company’s stock after selling 1,489,016 shares during the period. Axalta Coating Systems comprises 1.5% of Locust Wood Capital Advisers LLC’s investment portfolio, making the stock its 28th biggest position. Locust Wood Capital Advisers LLC owned approximately 0.93% of Axalta Coating Systems worth $64,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AXTA. Covestor Ltd increased its position in shares of Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 603 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Axalta Coating Systems in the 4th quarter valued at $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Axalta Coating Systems during the 4th quarter valued at $35,000. IFP Advisors Inc raised its stake in shares of Axalta Coating Systems by 65.9% during the 4th 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. Finally, GAMMA Investing LLC raised its stake in shares of Axalta Coating Systems by 42.9% during the 4th 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. Institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AXTA shares. Robert W. Baird set a $37.00 target price on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Wells Fargo & Company lowered shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $30.00 in a research note on Friday, April 10th. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a report on Friday, May 1st. Royal Bank Of Canada dropped their price objective 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 decreased their target price on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Four investment 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, the company currently has an average rating of “Hold” and an average target price of $34.31.

Axalta Coating Systems Trading Up 0.0%

Shares of AXTA stock opened at $32.20 on Monday. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 1.68 and a beta of 1.25. The company’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $30.57. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $35.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share 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 analysts’ expectations of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $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. As a group, analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current 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.