Cullen Capital Management LLC Makes New Investment in Axalta Coating Systems Ltd. $AXTA

Cullen Capital Management LLC bought a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 97,586 shares of the specialty chemicals company’s stock, valued at approximately $3,339,000.

A number of other institutional investors have also made changes to their positions in the company. Verdence Capital Advisors LLC raised its position in shares of Axalta Coating Systems by 2.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after acquiring an additional 330 shares in the last quarter. Principal Securities Inc. lifted its holdings in Axalta Coating Systems by 7.5% in the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 511 shares during the last quarter. IFP Advisors Inc boosted its stake in Axalta Coating Systems by 65.9% in the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 577 shares during the period. Covestor Ltd boosted 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 acquiring an additional 603 shares during the period. Finally, Allworth Financial LP lifted its stake in Axalta Coating Systems by 31.9% in the fourth quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 768 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AXTA has been the subject of several recent research reports. Mizuho upped their price target 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. BMO Capital Markets raised their target price on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $36.00 price target on Axalta Coating Systems in a research report on Friday, May 1st. Royal Bank Of Canada lifted their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 8th. Finally, UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Stock Down 0.3%

AXTA opened at $36.08 on Tuesday. The firm has a market cap of $7.72 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. 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 business has a 50 day moving average price of $34.76 and a 200 day moving average price of $31.68. Axalta Coating Systems Ltd. has a twelve month low of $24.94 and a twelve month high of $38.61.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results 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 company 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 firm’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $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. Research analysts forecast that Axalta Coating Systems Ltd. will post 2.63 EPS for the current 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.