Leeward Investments LLC MA Decreases Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Leeward Investments LLC MA reduced its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 736,450 shares of the specialty chemicals company’s stock after selling 22,268 shares during the period. Axalta Coating Systems accounts for about 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 28th largest holding. Leeward Investments LLC MA owned approximately 0.35% of Axalta Coating Systems worth $20,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Intech Investment Management LLC grew its holdings in Axalta Coating Systems by 277.3% in the 3rd quarter. Intech Investment Management LLC now owns 103,292 shares of the specialty chemicals company’s stock valued at $2,956,000 after buying an additional 75,915 shares in the last quarter. Lakewood Capital Management LP raised its holdings in shares of Axalta Coating Systems by 34.2% during the 3rd quarter. Lakewood Capital Management LP now owns 1,187,648 shares of the specialty chemicals company’s stock worth $33,990,000 after acquiring an additional 302,751 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Axalta Coating Systems by 71.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 105,987 shares of the specialty chemicals company’s stock valued at $3,491,000 after acquiring an additional 44,343 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Axalta Coating Systems by 189.9% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,273,955 shares of the specialty chemicals company’s stock valued at $36,461,000 after acquiring an additional 834,481 shares during the last quarter. Finally, Millennium Management LLC grew its holdings 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 hedge funds and other institutional investors.

Axalta Coating Systems Stock Down 1.8%

Shares of NYSE:AXTA opened at $33.71 on Wednesday. The business has a 50-day moving average price of $30.20 and a 200 day moving average price of $30.90. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 1.80 and a beta of 1.25. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72.

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, beating analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. Axalta Coating Systems’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. 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. Sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AXTA shares. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Tuesday, June 16th. Wells Fargo & Company lowered shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $39.00 to $30.00 in a report on Friday, April 10th. Mizuho dropped 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 note on Monday, March 23rd. UBS Group raised their price target 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 reduced their price target on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.31.

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.