130,710 Shares in Axalta Coating Systems Ltd. $AXTA Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 130,710 shares of the specialty chemicals company’s stock, valued at approximately $3,621,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lakewood Capital Management LP raised its stake in Axalta Coating Systems by 34.2% during the 3rd quarter. Lakewood Capital Management LP now owns 1,187,648 shares of the specialty chemicals company’s stock worth $33,990,000 after acquiring an additional 302,751 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Axalta Coating Systems by 71.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 105,987 shares of the specialty chemicals company’s stock worth $3,491,000 after buying an additional 44,343 shares during the last quarter. Millennium Management LLC lifted its stake in Axalta Coating Systems by 475.3% in the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock valued at $224,327,000 after buying an additional 6,475,786 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Axalta Coating Systems by 88.4% during the fourth quarter. SG Americas Securities LLC now owns 523,014 shares of the specialty chemicals company’s stock worth $16,899,000 after acquiring an additional 245,453 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Axalta Coating Systems by 18.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,095,897 shares of the specialty chemicals company’s stock valued at $145,829,000 after purchasing an additional 778,222 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axalta Coating Systems in a report on Tuesday, June 16th. Citigroup assumed coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company. UBS Group lifted their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada decreased their target price 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. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.85.

Axalta Coating Systems Price Performance

Shares of AXTA stock traded down $0.34 during mid-day trading on Tuesday, reaching $34.66. The stock had a trading volume of 345,458 shares, compared to its average volume of 2,861,126. The company has a market cap of $7.42 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. 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 business has a 50-day simple moving average of $31.18 and a 200 day simple moving average of $31.20.

Axalta Coating Systems (NYSE:AXTA) last announced its 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. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. Axalta Coating Systems’s quarterly revenue was down .6% on a year-over-year basis. 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. On average, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current year.

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.