Quantinno Capital Management LP Buys 102,057 Shares of Axalta Coating Systems Ltd. $AXTA

Quantinno Capital Management LP raised its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 10.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,063,450 shares of the specialty chemicals company’s stock after buying an additional 102,057 shares during the quarter. Quantinno Capital Management LP’s holdings in Axalta Coating Systems were worth $29,458,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 603 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Axalta Coating Systems in the 4th quarter worth approximately $30,000. Summit Securities Group LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $32,000. Los Angeles Capital Management LLC purchased a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $35,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in Axalta Coating Systems in the first quarter valued at approximately $30,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

NYSE AXTA opened at $35.90 on Friday. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s fifty day moving average price is $33.02 and its 200 day moving average price is $31.32. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $36.62.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AXTA shares. Robert W. Baird upped their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group reaffirmed a “neutral” rating on shares of Axalta Coating Systems in a research report on Wednesday. Citigroup began coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target for the company. Wells Fargo & Company downgraded shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $30.00 in a report on Friday, April 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Tuesday, June 16th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $36.00.

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.