Goldman Sachs Group Inc. Sells 305,361 Shares of Axalta Coating Systems Ltd. $AXTA

Goldman Sachs Group Inc. lowered its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,530,890 shares of the specialty chemicals company’s stock after selling 305,361 shares during the quarter. Goldman Sachs Group Inc. owned about 2.12% of Axalta Coating Systems worth $146,393,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AXTA. Jane Street Group LLC increased its position in Axalta Coating Systems by 29.0% during the first quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock worth $5,179,000 after acquiring an additional 35,092 shares during the period. Invesco Ltd. grew its stake in shares of Axalta Coating Systems by 8.5% during the second quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock worth $12,069,000 after buying an additional 31,759 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Axalta Coating Systems by 371.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 2,758 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Axalta Coating Systems by 22.0% in the 2nd quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock valued at $9,445,000 after acquiring an additional 57,440 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Axalta Coating Systems by 13,085.9% during the 2nd quarter. Amundi now owns 29,009 shares of the specialty chemicals company’s stock valued at $906,000 after acquiring an additional 28,789 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AXTA shares. Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $39.00 to $30.00 in a research report on Friday, April 10th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. UBS Group upped their price target on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. BMO Capital Markets reiterated a “market perform” rating and set a $35.00 price target on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada decreased their price objective on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.31.

Axalta Coating Systems Stock Performance

AXTA stock opened at $32.20 on Monday. The firm has a market cap of $6.89 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. The stock has a 50-day moving average price of $28.73 and a 200-day moving average price of $30.57. Axalta Coating Systems Ltd. has a 1-year low of $24.94 and a 1-year high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last released its 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. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the firm posted $0.59 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. 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, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.58 earnings per share 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.