Goldman Sachs Group Inc. Sells 305,361 Shares of Axalta Coating Systems Ltd. $AXTA

Goldman Sachs Group Inc. lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.3% in the fourth quarter, HoldingsChannel reports. The fund owned 4,530,890 shares of the specialty chemicals company’s stock after selling 305,361 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Axalta Coating Systems were worth $146,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its holdings in shares of Axalta Coating Systems by 2.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock worth $555,000 after purchasing an additional 330 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Axalta Coating Systems by 42.9% in the 4th quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 504 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Axalta Coating Systems by 2.2% during the 4th quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock worth $863,000 after purchasing an additional 576 shares in the last quarter. IFP Advisors Inc raised its stake in shares of 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 worth $47,000 after purchasing an additional 577 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of 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. Institutional investors own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AXTA shares. Citigroup began coverage on Axalta Coating Systems in a research report on Thursday. They issued a “buy” rating and a $44.00 price target for the company. UBS Group lifted their target price on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Wells Fargo & Company lowered shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $30.00 in a research report on Friday, April 10th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.31.

Axalta Coating Systems Stock Up 0.0%

Shares of Axalta Coating Systems stock opened at $32.20 on Monday. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72. The company has a market cap of $6.89 billion, a P/E ratio of 18.83, a PEG ratio of 1.68 and a beta of 1.25. The company’s fifty day simple moving average is $28.73 and its two-hundred day simple moving average is $30.57.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, beating 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 firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 EPS for the current year.

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.