London Co. of Virginia Lowers Holdings in Axalta Coating Systems Ltd. $AXTA

London Co. of Virginia decreased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 20.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,058,342 shares of the specialty chemicals company’s stock after selling 273,762 shares during the quarter. London Co. of Virginia’s holdings in Axalta Coating Systems were worth $34,195,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Verdence Capital Advisors LLC boosted its position in Axalta Coating Systems by 2.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock worth $555,000 after purchasing an additional 330 shares in the last quarter. GAMMA Investing LLC boosted its position in Axalta Coating Systems by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after purchasing an additional 504 shares in the last quarter. Principal Securities Inc. boosted its position in Axalta Coating Systems by 7.5% during the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after purchasing an additional 511 shares in the last quarter. Park Avenue Securities LLC boosted its position in Axalta Coating Systems by 2.2% during the fourth quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock worth $863,000 after purchasing an additional 576 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Axalta Coating Systems by 65.9% during the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after purchasing an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $33.34 on Wednesday. The business has a 50 day simple moving average of $29.53 and a two-hundred day simple moving average of $30.75. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $35.72. The stock has a market capitalization of $7.14 billion, a P/E ratio of 19.50, a PEG ratio of 1.77 and a beta of 1.25. 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 announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.59 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. 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 predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AXTA. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research report on Friday, May 1st. Royal Bank Of Canada lowered their price target on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th. UBS Group increased their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Citigroup began coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price target on the stock. Finally, Mizuho lowered their price target 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. 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, the company currently has a consensus rating of “Hold” and a consensus price target of $34.31.

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.