Schroder Investment Management Group Grows Stake in Axalta Coating Systems Ltd. $AXTA

Schroder Investment Management Group increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 56.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 645,464 shares of the specialty chemicals company’s stock after purchasing an additional 231,721 shares during the quarter. Schroder Investment Management Group’s holdings in Axalta Coating Systems were worth $19,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp boosted its holdings in Axalta Coating Systems by 252.6% in the 2nd quarter. Mackenzie Financial Corp now owns 656,255 shares of the specialty chemicals company’s stock worth $19,484,000 after acquiring an additional 470,142 shares during the period. Norges Bank purchased a new position in shares of Axalta Coating Systems in the second quarter valued at $31,708,000. Hsbc Holdings PLC increased its stake in Axalta Coating Systems by 656.8% during the 2nd quarter. Hsbc Holdings PLC now owns 404,446 shares of the specialty chemicals company’s stock worth $12,044,000 after buying an additional 351,003 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Axalta Coating Systems by 0.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 190,345 shares of the specialty chemicals company’s stock worth $5,651,000 after buying an additional 1,440 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in shares of Axalta Coating Systems by 8.6% during the second quarter. Quadrant Capital Group LLC now owns 13,581 shares of the specialty chemicals company’s stock valued at $403,000 after acquiring an additional 1,073 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AXTA shares. Vertical Research set a $37.00 price target on Axalta Coating Systems and gave the company a “buy” rating in a report on Wednesday, October 15th. Wells Fargo & Company raised their price target on shares of Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Zacks Research upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 8th. Bank of America dropped their target price on shares of Axalta Coating Systems from $42.00 to $41.00 and set a “buy” rating for the company in a research report on Tuesday, October 14th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down previously from $47.00) on shares of Axalta Coating Systems in a research report on Thursday, October 2nd. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of “Moderate Buy” and a consensus target price of $36.06.

Axalta Coating Systems Trading Up 0.2%

Axalta Coating Systems stock opened at $30.03 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20. Axalta Coating Systems Ltd. has a 1 year low of $26.28 and a 1 year high of $40.78. The firm’s 50-day moving average is $28.53 and its 200-day moving average is $29.70. The company has a market cap of $6.41 billion, a P/E ratio of 14.37, a PEG ratio of 1.18 and a beta of 1.29.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data 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 net margin of 8.81% and a return on equity of 24.92%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. Axalta Coating Systems’s quarterly revenue 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. On average, equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.