Marathon Asset Management Ltd Cuts Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Marathon Asset Management Ltd trimmed its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 253,293 shares of the specialty chemicals company’s stock after selling 24,617 shares during the period. Marathon Asset Management Ltd’s holdings in Axalta Coating Systems were worth $8,184,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Axalta Coating Systems by 12.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,641,269 shares of the specialty chemicals company’s stock valued at $447,653,000 after buying an additional 1,773,038 shares during the period. Millennium Management LLC boosted its position in Axalta Coating Systems by 475.3% during the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock valued at $224,327,000 after buying an additional 6,475,786 shares during the period. Dimensional Fund Advisors LP boosted its position in Axalta Coating Systems by 18.0% during the third quarter. Dimensional Fund Advisors LP now owns 5,095,897 shares of the specialty chemicals company’s stock valued at $145,829,000 after buying an additional 778,222 shares during the period. AQR Capital Management LLC boosted its position in Axalta Coating Systems by 64.9% during the third quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company’s stock valued at $107,739,000 after buying an additional 1,506,083 shares during the period. Finally, Locust Wood Capital Advisers LLC boosted its position in Axalta Coating Systems by 7.1% during the third quarter. Locust Wood Capital Advisers LLC now owns 3,472,354 shares of the specialty chemicals company’s stock valued at $99,379,000 after buying an additional 231,498 shares during the period. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on AXTA. Mizuho cut their price target on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Citigroup dropped their target price on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. UBS Group increased their target price on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada dropped their target price on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.15.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $27.79 on Wednesday. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $35.72. The company has a 50 day simple moving average of $28.02 and a two-hundred day simple moving average of $30.41. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.45 and a beta of 1.24. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. Analysts expect that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal 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.