Credit Industriel ET Commercial Acquires Shares of 18,000 Axalta Coating Systems Ltd. $AXTA

Credit Industriel ET Commercial acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 1st quarter, Holdings Channel.com reports. The fund acquired 18,000 shares of the specialty chemicals company’s stock, valued at approximately $499,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. HB Wealth Management LLC lifted its position in Axalta Coating Systems by 54.1% during the first quarter. HB Wealth Management LLC now owns 11,914 shares of the specialty chemicals company’s stock valued at $330,000 after purchasing an additional 4,181 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Axalta Coating Systems during the 1st quarter worth about $3,621,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in Axalta Coating Systems by 38.8% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 20,073 shares of the specialty chemicals company’s stock worth $556,000 after purchasing an additional 5,607 shares during the period. Root Financial Partners LLC raised its stake in shares of Axalta Coating Systems by 297.5% during the 1st quarter. Root Financial Partners LLC now owns 2,202 shares of the specialty chemicals company’s stock valued at $61,000 after buying an additional 1,648 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of Axalta Coating Systems during the 1st quarter valued at about $237,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $35.07 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. The firm has a fifty day moving average of $31.18 and a 200 day moving average of $31.20. The firm has a market cap of $7.51 billion, a PE ratio of 20.54, a PEG ratio of 1.84 and a beta of 1.24. Axalta Coating Systems Ltd. has a one year low of $24.94 and a one year high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. Axalta Coating Systems’s quarterly revenue was down .6% compared to the same quarter last year. 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. As a group, research analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a report on Friday, May 1st. Citigroup began coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price target for the company. UBS Group boosted their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $39.00 to $30.00 in a research report on Friday, April 10th. Finally, Royal Bank Of Canada cut their target price on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Hold” and an average price target of $34.85.

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.