294,172 Shares in Axalta Coating Systems Ltd. $AXTA Bought by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the second quarter, according to its most recent filing with the SEC. The firm acquired 294,172 shares of the specialty chemicals company’s stock, valued at approximately $10,067,000.

Several other institutional investors also recently bought and sold shares of AXTA. BlackRock Inc. purchased a new stake in Axalta Coating Systems in the 2nd quarter valued at approximately $668,541,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $599,029,000. Artisan Partners Limited Partnership raised its stake in shares of Axalta Coating Systems by 887.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after buying an additional 11,301,977 shares in the last quarter. Channing Capital Management LLC lifted its holdings in shares of Axalta Coating Systems by 672.6% in the 4th quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock valued at $98,157,000 after buying an additional 2,644,783 shares during the period. Finally, Parsifal Capital Management LP acquired a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $82,069,655. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AXTA. Robert W. Baird upped their price objective on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Mizuho boosted their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen cut shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Citigroup started coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target for the company. Four equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.00.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock opened at $36.52 on Tuesday. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.83 and a beta of 1.24. The stock has a fifty day moving average of $35.00 and a two-hundred day moving average of $31.77. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $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 anticipate that Axalta Coating Systems Ltd. will post 2.63 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.