Janus Henderson Group PLC Purchases 39,385 Shares of Axalta Coating Systems Ltd. $AXTA

Janus Henderson Group PLC increased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,036,806 shares of the specialty chemicals company’s stock after acquiring an additional 39,385 shares during the quarter. Janus Henderson Group PLC’s holdings in Axalta Coating Systems were worth $28,735,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 603 shares during the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Axalta Coating Systems in the 4th quarter valued at about $30,000. Cedar Mountain Advisors LLC bought a new stake in shares of Axalta Coating Systems during the 1st quarter valued at about $30,000. Summit Securities Group LLC purchased a new position in shares of Axalta Coating Systems during the fourth quarter worth about $32,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Axalta Coating Systems during the fourth quarter worth about $35,000. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Up 0.3%

Shares of AXTA opened at $35.90 on Monday. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $36.62. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The stock has a 50 day simple moving average of $33.02 and a two-hundred day simple moving average of $31.30. The firm has a market cap of $7.68 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.77 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. On average, analysts forecast that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AXTA. The Goldman Sachs Group set a $36.00 price objective on shares of Axalta Coating Systems in a research report on Friday, May 1st. Citigroup assumed coverage on shares of Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target for the company. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a report on Wednesday. Wall Street Zen raised shares of Axalta Coating Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday. Finally, Mizuho lifted their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.00.

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.