Handelsbanken Fonder AB Sells 18,800 Shares of Axalta Coating Systems Ltd. $AXTA

Handelsbanken Fonder AB trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 19.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,300 shares of the specialty chemicals company’s stock after selling 18,800 shares during the period. Handelsbanken Fonder AB’s holdings in Axalta Coating Systems were worth $2,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of Axalta Coating Systems by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock valued at $38,533,000 after purchasing an additional 51,130 shares in the last quarter. Jane Street Group LLC increased its position in Axalta Coating Systems by 29.0% in the first quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock worth $5,179,000 after purchasing an additional 35,092 shares during the last quarter. Invesco Ltd. raised its stake in Axalta Coating Systems by 8.5% during the second quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock valued at $12,069,000 after purchasing an additional 31,759 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in 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 valued at $104,000 after purchasing an additional 2,758 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Axalta Coating Systems by 22.0% during the second quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock valued at $9,445,000 after purchasing an additional 57,440 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AXTA shares. Wall Street Zen cut shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Mizuho increased their price target on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. BMO Capital Markets lifted their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada upped their price objective on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $37.23 on Monday. The firm has a 50-day moving average price of $34.37 and a 200-day moving average price of $31.58. The firm has a market capitalization of $7.97 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $38.61.

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, beating the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.64 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. 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 2.63 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.