First Citizens Bank & Trust Co. Purchases New Holdings in Axalta Coating Systems Ltd. $AXTA

First Citizens Bank & Trust Co. purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 22,761 shares of the specialty chemicals company’s stock, valued at approximately $732,000.

A number of other institutional investors and hedge funds have also modified their holdings of AXTA. NorthCrest Asset Manangement LLC boosted its stake in Axalta Coating Systems by 8.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 7,550 shares of the specialty chemicals company’s stock valued at $248,000 after acquiring an additional 614 shares during the last quarter. GAMMA Investing LLC grew its holdings in Axalta Coating Systems by 18.8% during the 3rd quarter. GAMMA Investing LLC now owns 2,615 shares of the specialty chemicals company’s stock worth $84,000 after acquiring an additional 413 shares during the period. Versant Capital Management Inc raised its position in shares of Axalta Coating Systems by 20.5% during the 3rd quarter. Versant Capital Management Inc now owns 7,356 shares of the specialty chemicals company’s stock valued at $237,000 after acquiring an additional 1,249 shares during the last quarter. MAC Alpha Capital Management LP raised its position in shares of Axalta Coating Systems by 45.9% during the 2nd quarter. MAC Alpha Capital Management LP now owns 645,643 shares of the specialty chemicals company’s stock valued at $22,096,000 after acquiring an additional 203,243 shares during the last quarter. Finally, Maven Securities LTD bought a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $1,199,000. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Trading Down 1.0%

NYSE:AXTA opened at $33.39 on Friday. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The stock has a market capitalization of $7.15 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.56 and a beta of 1.26. The business’s 50-day simple moving average is $34.45 and its 200-day simple moving average is $32.43.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $0.64 EPS. Axalta Coating Systems’s revenue for the quarter was up 3.1% compared to the same quarter last year. 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. Sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXTA. Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 4th. Royal Bank Of Canada lifted their price objective on Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 8th. Mizuho upped their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Robert W. Baird increased their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Finally, KeyCorp restated an “overweight” rating on shares of Axalta Coating Systems in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $38.18.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells liquid and powder coatings for transportation, industrial and commercial applications. Its products are designed to provide protection, durability, color and other performance characteristics for vehicles, equipment, buildings and manufactured goods.

The company serves the automotive refinish market with coatings, color-matching technology and related products used to repair and restore vehicle finishes.