Wedge Capital Management L L P NC Has $5.50 Million Stock Holdings in Axalta Coating Systems Ltd. $AXTA

Wedge Capital Management L L P NC trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 13.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,611 shares of the specialty chemicals company’s stock after selling 24,384 shares during the period. Wedge Capital Management L L P NC’s holdings in Axalta Coating Systems were worth $5,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AXTA. Covestor Ltd grew its stake in Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 603 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Axalta Coating Systems during the 4th quarter worth about $30,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Axalta Coating Systems during the 1st quarter valued at about $30,000. Summit Securities Group LLC acquired a new stake in shares of Axalta Coating Systems during the 4th quarter valued at about $32,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Axalta Coating Systems in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $37.25 on Thursday. The business’s 50-day simple moving average is $34.17 and its 200-day simple moving average is $31.53. Axalta Coating Systems Ltd. has a 52 week low of $24.94 and a 52 week high of $38.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.84 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s 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. As a group, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on AXTA. BMO Capital Markets increased their price objective on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. UBS Group restated a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Wall Street Zen downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, Weiss Ratings raised shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Axalta Coating Systems 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.