NBC Securities Inc. Sells 27,632 Shares of Axalta Coating Systems Ltd. $AXTA

NBC Securities Inc. trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 89.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,428 shares of the specialty chemicals company’s stock after selling 27,632 shares during the quarter. NBC Securities Inc.’s holdings in Axalta Coating Systems were worth $111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC bought a new position in Axalta Coating Systems during the fourth quarter worth $612,000. HB Wealth Management LLC bought a new position in Axalta Coating Systems during the fourth quarter worth $250,000. Optas LLC bought a new position in Axalta Coating Systems during the fourth quarter worth $298,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Axalta Coating Systems by 202.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 175,774 shares of the specialty chemicals company’s stock worth $5,679,000 after purchasing an additional 117,666 shares during the period. Finally, Krilogy Financial LLC bought a new position in Axalta Coating Systems during the fourth quarter worth $448,000. 98.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AXTA. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $39.00 to $30.00 in a research report on Friday, April 10th. Royal Bank Of Canada lifted their price objective on shares of Axalta Coating Systems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 12th. UBS Group reduced their price objective on shares of Axalta Coating Systems from $36.00 to $31.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Mizuho reduced their price objective on shares of 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. Finally, Robert W. Baird set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Hold” and an average target price of $35.40.

Axalta Coating Systems Trading Down 2.8%

Shares of Axalta Coating Systems stock opened at $28.60 on Wednesday. The firm has a 50-day moving average of $29.31 and a 200-day moving average of $30.45. The stock has a market cap of $6.12 billion, a PE ratio of 16.44, a PEG ratio of 1.26 and a beta of 1.33. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $35.72. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.50 and a current ratio of 2.06.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.6 EPS for the current year.

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.