Louisiana State Employees Retirement System Makes New Investment in Axalta Coating Systems Ltd. $AXTA

Louisiana State Employees Retirement System purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 1st quarter, Holdings Channel reports. The firm purchased 61,900 shares of the specialty chemicals company’s stock, valued at approximately $1,715,000.

A number of other large investors also recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 2.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after acquiring an additional 330 shares in the last quarter. GAMMA Investing LLC increased its holdings in Axalta Coating Systems by 42.9% in 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 in the last quarter. Principal Securities Inc. increased its holdings in Axalta Coating Systems by 7.5% in the 4th quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after purchasing an additional 511 shares in the last quarter. Park Avenue Securities LLC raised its position in Axalta Coating Systems by 2.2% in the fourth quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock valued at $863,000 after purchasing an additional 576 shares during the last quarter. Finally, IFP Advisors Inc raised its position 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 valued at $47,000 after purchasing an additional 577 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Trading Down 0.0%

NYSE AXTA opened at $34.21 on Thursday. The firm has a market capitalization of $7.32 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The business’s 50-day moving average price is $30.84 and its two-hundred day moving average price is $31.12. The company has a current ratio of 2.10, a quick ratio of 1.53 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.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue 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, analysts expect that Axalta Coating Systems Ltd. will post 2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company cut Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $30.00 in a report on Friday, April 10th. Citigroup assumed coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company. UBS Group raised their price objective on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Mizuho boosted their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Royal Bank Of Canada decreased their price target on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.85.

Axalta Coating Systems 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.