Axalta Coating Systems Ltd. $AXTA Shares Purchased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 887.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,575,932 shares of the specialty chemicals company’s stock after purchasing an additional 11,301,977 shares during the quarter. Artisan Partners Limited Partnership owned 0.06% of Axalta Coating Systems worth $406,328,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Axalta Coating Systems by 11.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 17,456,984 shares of the specialty chemicals company’s stock valued at $564,035,000 after purchasing an additional 1,815,715 shares in the last quarter. Millennium Management LLC grew its stake in Axalta Coating Systems by 475.3% during the 3rd quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock valued at $224,327,000 after purchasing an additional 6,475,786 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Axalta Coating Systems by 36.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,941,250 shares of the specialty chemicals company’s stock valued at $224,282,000 after purchasing an additional 1,845,353 shares in the last quarter. AQR Capital Management LLC grew its stake in Axalta Coating Systems by 64.9% during the 3rd quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock valued at $107,739,000 after purchasing an additional 1,506,083 shares in the last quarter. Finally, Channing Capital Management LLC grew its stake in Axalta Coating Systems by 672.6% during the 4th quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock valued at $98,157,000 after purchasing an additional 2,644,783 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada lowered their price objective on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th. UBS Group raised their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research note on Friday, May 1st. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $39.00 to $30.00 in a research note on Friday, April 10th. Finally, Citigroup assumed coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems has an average rating of “Hold” and a consensus price target of $34.31.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $33.34 on Wednesday. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.77 and a beta of 1.25. The stock has a 50 day moving average of $29.53 and a 200-day moving average of $30.75. 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 52 week low of $24.94 and a 52 week high of $35.72.

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

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.