Corient Private Wealth LLC Purchases Shares of 29,532 Axalta Coating Systems Ltd. $AXTA

Corient Private Wealth LLC acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,532 shares of the specialty chemicals company’s stock, valued at approximately $955,000.

A number of other institutional investors and hedge funds have also modified their holdings of AXTA. Artisan Partners Limited Partnership boosted its stake in Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after buying an additional 11,301,977 shares in the last quarter. Millennium Management LLC raised its position in Axalta Coating Systems by 475.3% in the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock worth $224,327,000 after purchasing an additional 6,475,786 shares in the last quarter. Channing Capital Management LLC lifted its stake in Axalta Coating Systems by 672.6% during the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock worth $98,157,000 after purchasing an additional 2,644,783 shares during the period. Empyrean Capital Partners LP bought a new position in Axalta Coating Systems during the fourth quarter worth about $66,236,000. Finally, UBS Group AG boosted its holdings in Axalta Coating Systems by 207.4% during the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock valued at $93,780,000 after purchasing an additional 1,958,395 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Trading Up 2.6%

Shares of AXTA opened at $35.09 on Friday. The stock has a fifty day moving average price of $30.96 and a two-hundred day moving average price of $31.15. 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 company has a market cap of $7.51 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 1.79 and a beta of 1.24. 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 announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share 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 company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue 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. Analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AXTA shares. Citigroup began 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. UBS Group boosted their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada reduced 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 note on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Axalta Coating Systems has an average rating of “Hold” and a consensus price target of $34.85.

About Axalta Coating Systems

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.