Axalta Coating Systems Ltd. $AXTA Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 71.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 105,987 shares of the specialty chemicals company’s stock after acquiring an additional 44,343 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Axalta Coating Systems were worth $3,491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Axalta Coating Systems by 475.3% in the 3rd quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock worth $224,327,000 after buying an additional 6,475,786 shares in the last quarter. Ilex Capital Partners UK LLP acquired a new position in Axalta Coating Systems during the 2nd quarter worth $60,571,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Axalta Coating Systems by 12.8% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,641,269 shares of the specialty chemicals company’s stock worth $447,653,000 after purchasing an additional 1,773,038 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Axalta Coating Systems by 301.6% in the second quarter. AQR Capital Management LLC now owns 2,319,863 shares of the specialty chemicals company’s stock worth $68,877,000 after purchasing an additional 1,742,203 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Axalta Coating Systems by 423.7% during the third quarter. Thrivent Financial for Lutherans now owns 2,022,606 shares of the specialty chemicals company’s stock valued at $57,887,000 after purchasing an additional 1,636,395 shares during the period. Institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AXTA. Citigroup increased their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Wednesday, January 21st. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada raised their target price on Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Hold” and a consensus target price of $36.13.

Axalta Coating Systems Trading Up 3.9%

NYSE:AXTA opened at $27.72 on Wednesday. The stock has a fifty day simple moving average of $31.45 and a 200 day simple moving average of $30.48. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. Axalta Coating Systems Ltd. has a 1-year low of $24.94 and a 1-year high of $35.72. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, February 10th. The specialty chemicals company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the company posted $0.60 earnings per share. Axalta Coating Systems’s quarterly revenue was down 3.7% compared to the same quarter last year. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

About Axalta Coating Systems

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.