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

Alberta Investment Management Corp acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 397,100 shares of the specialty chemicals company’s stock, valued at approximately $12,830,000. Alberta Investment Management Corp owned about 0.19% of Axalta Coating Systems at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AXTA. Covestor Ltd grew its stake in shares of Axalta Coating Systems by 197.7% in the 4th 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 last quarter. Eagle Bay Advisors LLC acquired a new position in shares of Axalta Coating Systems in the 4th quarter worth approximately $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Axalta Coating Systems in the 4th quarter worth approximately $35,000. IFP Advisors Inc grew its stake in shares of 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 purchasing an additional 577 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Axalta Coating Systems by 2,174.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the specialty chemicals company’s stock worth $52,000 after purchasing an additional 1,544 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

AXTA stock opened at $33.79 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. The stock has a market cap of $7.23 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.73 and a beta of 1.25. The firm has a 50 day simple moving average of $29.40 and a 200 day simple moving average of $30.72. 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 posted its quarterly 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 business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. 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. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AXTA shares. Citigroup started coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price on the stock. UBS Group lifted their target price on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Royal Bank Of Canada dropped their target price on shares of 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. Wells Fargo & Company downgraded shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $39.00 to $30.00 in a research report on Friday, April 10th. Finally, The Goldman Sachs Group set a $36.00 target price on shares of 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. According to MarketBeat, Axalta Coating Systems currently has an average rating of “Hold” and an average target price of $34.31.

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.