SG Americas Securities LLC Has $1.13 Million Holdings in Axalta Coating Systems Ltd. $AXTA

SG Americas Securities LLC decreased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 92.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,870 shares of the specialty chemicals company’s stock after selling 482,144 shares during the quarter. SG Americas Securities LLC’s holdings in Axalta Coating Systems were worth $1,132,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors 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 worth $29,000 after buying an additional 603 shares during the period. Eagle Bay Advisors LLC bought a new position in Axalta Coating Systems during the fourth quarter worth $30,000. Summit Securities Group LLC acquired a new position in Axalta Coating Systems in the fourth quarter valued at $32,000. Los Angeles Capital Management LLC acquired a new position in Axalta Coating Systems in the fourth quarter valued at $35,000. Finally, IFP Advisors Inc boosted its position in Axalta Coating Systems by 65.9% during the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 577 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AXTA shares. Royal Bank Of Canada decreased their price target on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Mizuho boosted their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group raised their target price on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research note on Friday, May 1st. Finally, Citigroup initiated coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.85.

Axalta Coating Systems Stock Down 0.1%

Shares of NYSE:AXTA opened at $35.09 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $35.72. The business’s 50 day simple moving average is $31.07 and its two-hundred day simple moving average is $31.18. The firm has a market cap of $7.51 billion, a P/E ratio of 20.52, a PEG ratio of 1.84 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share 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 prior year, the firm earned $0.59 earnings per share. Axalta Coating Systems’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. As a group, research analysts forecast that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal 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.