Corient Private Wealth LP Purchases Shares of 243,255 Axalta Coating Systems Ltd. $AXTA

Corient Private Wealth LP purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the second quarter, Holdings Channel.com reports. The firm purchased 243,255 shares of the specialty chemicals company’s stock, valued at approximately $8,324,000.

Other large investors also recently modified their holdings of the company. Covestor Ltd increased its stake in shares of Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 603 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in Axalta Coating Systems during the first quarter worth $30,000. Summit Securities Group LLC acquired a new stake in Axalta Coating Systems in the fourth quarter worth $32,000. Los Angeles Capital Management LLC acquired a new stake in Axalta Coating Systems in the fourth quarter worth $35,000. Finally, IFP Advisors Inc increased its stake in Axalta Coating Systems by 65.9% in the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after purchasing an additional 577 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AXTA shares. Mizuho upped their price objective 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 raised their target price on Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Royal Bank Of Canada increased their price target on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. Finally, Citigroup assumed coverage on 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 research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Stock Performance

AXTA opened at $37.10 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The company’s fifty day moving average price is $34.95 and its two-hundred day moving average price is $31.76. Axalta Coating Systems Ltd. has a 1-year low of $24.94 and a 1-year high of $38.61. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.83 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. 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. On average, 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.