Royal Bank of Canada Reduces Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Royal Bank of Canada lowered its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 84.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,044 shares of the specialty chemicals company’s stock after selling 33,204 shares during the period. Royal Bank of Canada’s holdings in Axalta Coating Systems were worth $167,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AXTA. Goldman Sachs Group Inc. boosted its stake in shares of Axalta Coating Systems by 4.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock valued at $38,533,000 after purchasing an additional 51,130 shares in the last quarter. Jane Street Group LLC increased its position in shares of Axalta Coating Systems by 29.0% during the first quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock valued at $5,179,000 after buying an additional 35,092 shares during the period. Invesco Ltd. raised its stake in Axalta Coating Systems by 8.5% in the second quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock worth $12,069,000 after buying an additional 31,759 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Axalta Coating Systems by 371.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 2,758 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Axalta Coating Systems by 22.0% during the 2nd quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock valued at $9,445,000 after acquiring an additional 57,440 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Royal Bank Of Canada raised their target price on 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. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Mizuho increased their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Citigroup assumed coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. Finally, UBS Group reaffirmed a “neutral” rating on shares of Axalta Coating Systems in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Stock Up 1.1%

Shares of NYSE:AXTA opened at $37.10 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $34.95 and a two-hundred day simple moving average of $31.78. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $38.61. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.83 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping 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 analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue 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. On average, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 earnings per share 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.