Danske Bank A S Reduces Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Danske Bank A S decreased its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 92.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,200 shares of the specialty chemicals company’s stock after selling 26,108 shares during the period. Danske Bank A S’s holdings in Axalta Coating Systems were worth $71,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new position in Axalta Coating Systems in the fourth quarter valued at approximately $30,000. GAMMA Investing LLC lifted its stake in Axalta Coating Systems by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 504 shares during the last quarter. Allworth Financial LP lifted its stake in Axalta Coating Systems by 339.7% in the third quarter. Allworth Financial LP now owns 2,405 shares of the specialty chemicals company’s stock valued at $69,000 after purchasing an additional 1,858 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Axalta Coating Systems by 332.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,601 shares of the specialty chemicals company’s stock valued at $84,000 after purchasing an additional 1,999 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Axalta Coating Systems by 371.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 2,758 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BMO Capital Markets reiterated a “market perform” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Citigroup dropped their price objective on Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a research note on Wednesday, February 11th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, Mizuho dropped their target price on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.71.

Axalta Coating Systems Trading Down 0.0%

NYSE:AXTA opened at $28.54 on Friday. The company has a market cap of $6.11 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.49 and a beta of 1.24. The stock’s fifty day moving average price is $28.67 and its two-hundred day moving average price is $30.47. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $35.72. 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 (NYSE:AXTA) last posted 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 firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business 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, analysts expect 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.