Locust Wood Capital Advisers LLC Buys 231,498 Shares of Axalta Coating Systems Ltd. $AXTA

Locust Wood Capital Advisers LLC increased its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 7.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,472,354 shares of the specialty chemicals company’s stock after acquiring an additional 231,498 shares during the quarter. Axalta Coating Systems accounts for 2.5% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 18th largest position. Locust Wood Capital Advisers LLC’s holdings in Axalta Coating Systems were worth $99,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AXTA. Vanguard Personalized Indexing Management LLC raised its stake in Axalta Coating Systems by 2.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $427,000 after buying an additional 368 shares during the period. Louisiana State Employees Retirement System grew its stake in Axalta Coating Systems by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the specialty chemicals company’s stock valued at $1,826,000 after buying an additional 400 shares in the last quarter. State of Michigan Retirement System grew its holdings in Axalta Coating Systems by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 52,600 shares of the specialty chemicals company’s stock valued at $1,562,000 after buying an additional 400 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Axalta Coating Systems by 4.2% during the third quarter. Global Retirement Partners LLC now owns 11,478 shares of the specialty chemicals company’s stock worth $328,000 after purchasing an additional 464 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Axalta Coating Systems by 7.7% in the second quarter. Blue Trust Inc. now owns 7,317 shares of the specialty chemicals company’s stock worth $217,000 after acquiring an additional 521 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AXTA. Robert W. Baird restated a “neutral” rating and set a $35.00 target price (down previously from $42.00) on shares of Axalta Coating Systems in a report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their price target on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Wells Fargo & Company increased their price target on Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, October 29th. Finally, Vertical Research downgraded shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of “Hold” and an average target price of $35.56.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $33.48 on Thursday. The company’s fifty day moving average is $31.20 and its two-hundred day moving average is $30.07. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20. The firm has a market capitalization of $7.14 billion, a P/E ratio of 16.02, a PEG ratio of 1.34 and a beta of 1.29. Axalta Coating Systems Ltd. has a one year low of $26.28 and a one year high of $38.37.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS and its FY 2025 guidance at 2.500-2.500 EPS. Analysts forecast that Axalta Coating Systems Ltd. will post 2.55 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.