Alberta Investment Management Corp Buys Shares of 397,100 Axalta Coating Systems Ltd. $AXTA

Alberta Investment Management Corp bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 397,100 shares of the specialty chemicals company’s stock, valued at approximately $12,830,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC lifted its stake in Axalta Coating Systems by 277.3% in the third quarter. Intech Investment Management LLC now owns 103,292 shares of the specialty chemicals company’s stock valued at $2,956,000 after acquiring an additional 75,915 shares during the last quarter. Lakewood Capital Management LP lifted its stake in Axalta Coating Systems by 34.2% in the third quarter. Lakewood Capital Management LP now owns 1,187,648 shares of the specialty chemicals company’s stock valued at $33,990,000 after acquiring an additional 302,751 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Axalta Coating Systems by 71.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 105,987 shares of the specialty chemicals company’s stock valued at $3,491,000 after purchasing an additional 44,343 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Axalta Coating Systems by 189.9% in the third quarter. Artisan Partners Limited Partnership now owns 1,273,955 shares of the specialty chemicals company’s stock valued at $36,461,000 after purchasing an additional 834,481 shares during the period. Finally, Millennium Management LLC raised its position in shares of Axalta Coating Systems by 475.3% in 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 purchasing an additional 6,475,786 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho lowered their target price on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $39.00 to $30.00 in a report on Friday, April 10th. UBS Group raised their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Citigroup started coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target on the stock. Finally, The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.31.

Axalta Coating Systems Trading Up 2.1%

Shares of AXTA stock opened at $33.79 on Tuesday. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $35.72. The firm’s fifty day simple moving average is $29.40 and its 200 day simple moving average is $30.72. The firm has a market capitalization of $7.23 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. 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 announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Axalta Coating Systems’s revenue was down .6% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS 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.