Wedge Capital Management L L P NC Sells 24,384 Shares of Axalta Coating Systems Ltd. $AXTA

Wedge Capital Management L L P NC trimmed its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 13.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 160,611 shares of the specialty chemicals company’s stock after selling 24,384 shares during the period. Wedge Capital Management L L P NC owned approximately 0.08% of Axalta Coating Systems worth $5,496,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. UBS Group AG increased its holdings in shares of Axalta Coating Systems by 207.4% in the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock valued at $93,780,000 after buying an additional 1,958,395 shares in the last quarter. Arnhold LLC raised its position in shares of Axalta Coating Systems by 111.8% during the fourth quarter. Arnhold LLC now owns 500,700 shares of the specialty chemicals company’s stock worth $16,178,000 after purchasing an additional 264,281 shares during the period. Artisan Partners Limited Partnership lifted its holdings in shares of Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after purchasing an additional 11,301,977 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Axalta Coating Systems by 64.9% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,600 shares of the specialty chemicals company’s stock valued at $4,543,000 after purchasing an additional 55,350 shares during the period. Finally, Verition Fund Management LLC increased its stake in Axalta Coating Systems by 49.8% in the 4th quarter. Verition Fund Management LLC now owns 975,784 shares of the specialty chemicals company’s stock worth $31,528,000 after purchasing an additional 324,384 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AXTA shares. Wall Street Zen lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday. Mizuho lifted their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada boosted their price target 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. Robert W. Baird upped their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Citigroup started coverage on shares of Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.00.

Axalta Coating Systems Stock Down 0.1%

Shares of Axalta Coating Systems stock opened at $37.25 on Thursday. The stock has a 50-day moving average price of $34.17 and a 200 day moving average price of $31.53. The company has a market cap of $7.97 billion, a P/E ratio of 22.99, a P/E/G 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 1 year low of $24.94 and a 1 year high of $38.61.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $1.35 billion for 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 business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business 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, analysts expect that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

Axalta Coating Systems Company 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.