Advisors Preferred LLC Grows Stock Position in Axalta Coating Systems Ltd. $AXTA

Advisors Preferred LLC increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 41.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,362 shares of the specialty chemicals company’s stock after purchasing an additional 34,835 shares during the quarter. Advisors Preferred LLC’s holdings in Axalta Coating Systems were worth $3,279,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Calamos Wealth Management LLC purchased a new stake in shares of Axalta Coating Systems in the first quarter worth about $247,000. Calamos Advisors LLC purchased a new stake in shares of Axalta Coating Systems in the first quarter worth approximately $247,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Axalta Coating Systems during the first quarter worth $248,000. State of Michigan Retirement System lifted its holdings in Axalta Coating Systems by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 51,400 shares of the specialty chemicals company’s stock valued at $1,424,000 after buying an additional 1,000 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Axalta Coating Systems by 3.8% during the first quarter. Principal Financial Group Inc. now owns 476,691 shares of the specialty chemicals company’s stock valued at $13,204,000 after acquiring an additional 17,666 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

AXTA has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. UBS Group upped their target price on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research report on Friday, May 1st. Mizuho raised their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Finally, Citigroup initiated coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Hold” and an average price target of $35.38.

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA opened at $32.18 on Wednesday. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.67 and a beta of 1.24. Axalta Coating Systems Ltd. has a 52 week low of $24.94 and a 52 week high of $35.72. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average of $31.67 and a 200 day moving average of $31.23.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.Axalta Coating Systems’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current fiscal year.

Axalta Coating Systems Company 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.