Geode Capital Management LLC Cuts Stock Position in Axalta Coating Systems Ltd. $AXTA

Geode Capital Management LLC cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,921,951 shares of the specialty chemicals company’s stock after selling 34,293 shares during the quarter. Geode Capital Management LLC owned 1.84% of Axalta Coating Systems worth $126,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd raised its position in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 603 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Axalta Coating Systems during the 4th quarter valued at approximately $30,000. IFP Advisors Inc raised its position in 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 valued at $47,000 after purchasing an additional 577 shares during the last quarter. GAMMA Investing LLC raised its position in 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 valued at $54,000 after purchasing an additional 504 shares during the last quarter. Finally, Allworth Financial LP raised its position in Axalta Coating Systems by 339.7% during the 3rd quarter. Allworth Financial LP now owns 2,405 shares of the specialty chemicals company’s stock valued at $69,000 after purchasing an additional 1,858 shares during the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Performance

AXTA stock opened at $31.79 on Friday. The company has a market cap of $6.80 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.63 and a beta of 1.25. 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. The stock’s fifty day moving average price is $28.64 and its 200-day moving average price is $30.54.

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

Wall Street Analyst Weigh In

AXTA has been the topic of several research reports. 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 report on Tuesday, May 5th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. BMO Capital Markets restated a “market perform” rating and set a $35.00 price target on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. 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 report on Monday, March 23rd. Finally, The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.