Axalta Coating Systems Ltd. $AXTA Shares Acquired by Locust Wood Capital Advisers LLC

Locust Wood Capital Advisers LLC raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 7.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,472,354 shares of the specialty chemicals company’s stock after buying an additional 231,498 shares during the period. Axalta Coating Systems makes up about 2.5% of Locust Wood Capital Advisers LLC’s holdings, making the stock its 18th biggest holding. Locust Wood Capital Advisers LLC owned approximately 1.60% of Axalta Coating Systems worth $99,379,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Cullen Frost Bankers Inc. acquired a new position in shares of Axalta Coating Systems in the second quarter worth about $37,000. IFP Advisors Inc acquired a new position in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $39,000. FNY Investment Advisers LLC purchased a new position in shares of Axalta Coating Systems during the 2nd quarter valued at approximately $49,000. True Wealth Design LLC grew its position in shares of Axalta Coating Systems by 1,533.6% during the third quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 1,687 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of 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 during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA opened at $33.48 on Thursday. The firm’s 50 day simple moving average is $31.20 and its 200 day simple moving average is $30.07. The company has a debt-to-equity ratio of 1.45, a current ratio of 2.20 and a quick ratio of 1.59. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.34 and a beta of 1.29. Axalta Coating Systems Ltd. has a fifty-two week low of $26.28 and a fifty-two week high of $38.37.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Axalta Coating Systems has set its Q4 2025 guidance at 0.600-0.600 EPS and its FY 2025 guidance at 2.500-2.500 EPS. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $39.00 to $35.00 in a report on Monday, January 12th. JPMorgan Chase & Co. dropped their price objective on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Robert W. Baird reissued a “neutral” rating and issued a $35.00 price objective (down from $42.00) on shares of Axalta Coating Systems in a report on Wednesday, January 7th. Mizuho lowered their price target on Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Finally, Vertical Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $35.56.

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.