Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Axalta Coating Systems Ltd. $AXTA

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 754,000 shares of the specialty chemicals company’s stock, valued at approximately $20,886,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of Axalta Coating Systems by 197.7% during the fourth 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 period. Eagle Bay Advisors LLC acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at about $30,000. Summit Securities Group LLC acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at about $32,000. Los Angeles Capital Management LLC bought a new stake in Axalta Coating Systems in the 4th quarter valued at about $35,000. Finally, Cedar Mountain Advisors LLC bought a new stake in Axalta Coating Systems in the 1st quarter valued at about $30,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AXTA has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $39.00 to $30.00 in a research report on Friday, April 10th. Wall Street Zen raised shares of Axalta Coating Systems to a “buy” rating in a research report on Saturday. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research note on Friday, May 1st. Finally, UBS Group boosted their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus price target of $35.67.

Axalta Coating Systems Price Performance

AXTA opened at $32.76 on Monday. The firm has a 50-day moving average price of $32.35 and a 200-day moving average price of $31.22. Axalta Coating Systems Ltd. has a twelve month low of $24.94 and a twelve month high of $35.72. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.60 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s revenue for the quarter 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. Equities analysts expect that Axalta Coating Systems Ltd. will post 2.59 EPS for the current year.

Axalta Coating Systems 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.