Alberta Investment Management Corp Takes $12.83 Million Position in Axalta Coating Systems Ltd. $AXTA

Alberta Investment Management Corp purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 397,100 shares of the specialty chemicals company’s stock, valued at approximately $12,830,000.

A number of other large investors have also added to or reduced their stakes in the stock. Verdence Capital Advisors LLC grew its holdings in Axalta Coating Systems by 2.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after purchasing an additional 330 shares during the period. GAMMA Investing LLC grew 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 acquiring an additional 504 shares during the period. Principal Securities Inc. grew its stake in shares of Axalta Coating Systems by 7.5% during the 4th quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 511 shares during the period. Park Avenue Securities LLC increased its holdings in Axalta Coating Systems by 2.2% in the 4th quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock worth $863,000 after acquiring an additional 576 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Mizuho lowered their price objective on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. The Goldman Sachs Group set a $36.00 target price on shares of Axalta Coating Systems in a research report on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a report on Tuesday. Citigroup initiated coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 target price on the stock. Finally, UBS Group raised their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.31.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $34.85 on Friday. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.78 and a beta of 1.25. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The business has a 50-day simple moving average of $29.86 and a 200 day simple moving average of $30.81. 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 quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.59 EPS. The company’s revenue for the quarter 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, research analysts forecast that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current fiscal 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.