Hsbc Holdings PLC Sells 82,464 Shares of Axalta Coating Systems Ltd. $AXTA

Hsbc Holdings PLC decreased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 62.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 49,123 shares of the specialty chemicals company’s stock after selling 82,464 shares during the period. Hsbc Holdings PLC’s holdings in Axalta Coating Systems were worth $1,594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Covestor Ltd grew its stake in shares of Axalta Coating Systems by 197.7% during the 4th 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. Eagle Bay Advisors LLC bought a new stake in Axalta Coating Systems during the 4th quarter worth approximately $30,000. Summit Securities Group LLC bought a new stake in Axalta Coating Systems during the 4th quarter worth approximately $32,000. Los Angeles Capital Management LLC purchased a new position in Axalta Coating Systems during the fourth quarter valued at approximately $35,000. Finally, IFP Advisors Inc lifted its stake in shares of Axalta Coating Systems by 65.9% during the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 577 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Up 0.6%

Shares of AXTA stock opened at $34.21 on Wednesday. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. The stock’s 50-day moving average price is $30.75 and its 200-day moving average price is $31.10. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25.

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

Analysts Set New Price Targets

Several brokerages have recently commented on AXTA. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Tuesday, June 16th. Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $39.00 to $30.00 in a research note on Friday, April 10th. The Goldman Sachs Group set a $36.00 price objective on shares of Axalta Coating Systems in a report on Friday, May 1st. Royal Bank Of Canada reduced their price objective on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th. Finally, UBS Group lifted their price objective on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.31.

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.