ING Groep NV Takes Position in Axalta Coating Systems Ltd. $AXTA

ING Groep NV bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 164,000 shares of the specialty chemicals company’s stock, valued at approximately $5,299,000. ING Groep NV owned 0.08% of Axalta Coating Systems as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC lifted its stake in shares of Axalta Coating Systems by 2.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after purchasing an additional 330 shares during the period. GAMMA Investing LLC increased its position in Axalta Coating Systems by 42.9% during the 4th quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $54,000 after buying an additional 504 shares in the last quarter. Park Avenue Securities LLC increased its position in Axalta Coating Systems by 2.2% during the 4th quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock valued at $863,000 after buying an additional 576 shares in the last quarter. IFP Advisors Inc increased its position in Axalta Coating Systems by 65.9% during the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 577 shares in the last quarter. Finally, Covestor Ltd increased its position in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AXTA shares. Royal Bank Of Canada reduced their price objective on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Citigroup started coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research report on Friday, May 1st. Finally, Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $30.00 in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Hold” and an average price target of $34.31.

Axalta Coating Systems Stock Down 0.9%

Axalta Coating Systems stock opened at $31.90 on Tuesday. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.68 and a beta of 1.25. The stock has a fifty day simple moving average of $28.82 and a two-hundred day simple moving average of $30.59. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $35.72. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. 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. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

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.