Credit Industriel ET Commercial Purchases Shares of 18,000 Axalta Coating Systems Ltd. $AXTA

Credit Industriel ET Commercial acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,000 shares of the specialty chemicals company’s stock, valued at approximately $499,000.

A number of other large investors also recently bought and sold shares of the business. Covestor Ltd grew its holdings in Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 603 shares during the period. Eagle Bay Advisors LLC bought a new position in Axalta Coating Systems in the 4th quarter worth about $30,000. Summit Securities Group LLC bought a new position in Axalta Coating Systems in the 4th quarter valued at approximately $32,000. Los Angeles Capital Management LLC purchased a new position in shares of Axalta Coating Systems during the fourth quarter valued at approximately $35,000. Finally, IFP Advisors Inc grew its position in shares of 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 acquiring an additional 577 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho increased their target price on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. Citigroup initiated coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. The Goldman Sachs Group set a $36.00 price objective on shares of Axalta Coating Systems in a research report on Friday, May 1st. Finally, Wells Fargo & Company downgraded shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $39.00 to $30.00 in a report on Friday, April 10th. Four investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Axalta Coating Systems has an average rating of “Hold” and a consensus price target of $34.85.

Axalta Coating Systems Trading Up 0.2%

AXTA stock opened at $35.07 on Tuesday. The company has a market capitalization of $7.51 billion, a PE ratio of 20.54, a P/E/G ratio of 1.84 and a beta of 1.24. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 1.53. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $35.72. The firm’s 50-day moving average is $31.18 and its 200 day moving average is $31.20.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data 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 net margin of 7.22% and a return on equity of 22.37%. The company had revenue of $1.25 billion during 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. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. 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 anticipate that Axalta Coating Systems Ltd. will post 2.58 EPS for the current 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.