Axalta Coating Systems Ltd. $AXTA Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 24.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 252,309 shares of the specialty chemicals company’s stock after acquiring an additional 48,781 shares during the quarter. California State Teachers Retirement System’s holdings in Axalta Coating Systems were worth $6,989,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Artisan Partners Limited Partnership raised its stake in shares of Axalta Coating Systems by 887.2% in the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after acquiring an additional 11,301,977 shares during the period. Channing Capital Management LLC lifted its holdings in shares of Axalta Coating Systems by 672.6% in the 4th quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock worth $98,157,000 after acquiring an additional 2,644,783 shares during the last quarter. Empyrean Capital Partners LP purchased a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $66,236,000. UBS Group AG boosted its position in shares of Axalta Coating Systems by 207.4% during the 4th quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock worth $93,780,000 after purchasing an additional 1,958,395 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Axalta Coating Systems by 36.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,941,250 shares of the specialty chemicals company’s stock valued at $224,282,000 after purchasing an additional 1,845,353 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Up 1.2%

NYSE AXTA opened at $38.05 on Thursday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.86 and a beta of 1.24. The firm has a 50 day simple moving average of $33.47 and a 200-day simple moving average of $31.39. Axalta Coating Systems Ltd. has a one year low of $24.94 and a one year high of $38.16.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

AXTA has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their target price 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. Mizuho raised their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. BMO Capital Markets lifted their price objective 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. Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $30.00 in a report on Friday, April 10th. Finally, Robert W. Baird increased their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Hold” and an average price target of $36.00.

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.