Hsbc Holdings PLC Sells 82,464 Shares of Axalta Coating Systems Ltd. $AXTA

Hsbc Holdings PLC cut its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 62.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,123 shares of the specialty chemicals company’s stock after selling 82,464 shares during the period. Hsbc Holdings PLC’s holdings in Axalta Coating Systems were worth $1,594,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Covestor Ltd boosted its stake in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 603 shares during the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Axalta Coating Systems in the fourth quarter worth $30,000. Summit Securities Group LLC bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at $32,000. Los Angeles Capital Management LLC bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at $35,000. Finally, IFP Advisors Inc boosted its position in shares of 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 buying an additional 577 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Up 0.6%

Axalta Coating Systems stock opened at $34.21 on Wednesday. Axalta Coating Systems Ltd. has a one year low of $24.94 and a one year high of $35.72. The stock has a fifty day moving average of $30.75 and a 200 day moving average of $31.10. 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 $7.32 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations 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 for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm 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. As a group, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AXTA shares. Mizuho decreased their target price on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a report on Friday, May 1st. Royal Bank Of Canada reduced their price target on shares of 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. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $39.00 to $30.00 in a report on Friday, April 10th. Finally, Citigroup began coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.31.

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.