Hsbc Holdings PLC Cuts Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Hsbc Holdings PLC lowered its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 45.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,947 shares of the specialty chemicals company’s stock after selling 22,176 shares during the quarter. Hsbc Holdings PLC’s holdings in Axalta Coating Systems were worth $740,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Artisan Partners Limited Partnership lifted 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 purchasing an additional 11,301,977 shares during the last quarter. Channing Capital Management LLC grew its stake in Axalta Coating Systems by 672.6% in the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock valued at $98,157,000 after purchasing an additional 2,644,783 shares during the last quarter. Empyrean Capital Partners LP purchased a new position in Axalta Coating Systems in the fourth quarter valued at about $66,236,000. UBS Group AG raised its holdings in Axalta Coating Systems by 207.4% in the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock worth $93,780,000 after purchasing an additional 1,958,395 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Axalta Coating Systems by 36.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,941,250 shares of the specialty chemicals company’s stock valued at $224,282,000 after buying an additional 1,845,353 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AXTA shares. Robert W. Baird raised their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank Of Canada raised their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Mizuho lifted their price target 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. 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 on the stock. Finally, BMO Capital Markets increased their price objective on Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems Trading Up 3.6%

Shares of NYSE:AXTA opened at $36.07 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $36.62. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.69 and a beta of 1.24. The business has a 50-day moving average price of $32.89 and a 200-day moving average price of $31.28.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Axalta Coating Systems’s revenue for the quarter was up 3.1% on a year-over-year basis. 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. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.61 EPS for the current 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.