Sei Investments Co. Purchases 68,532 Shares of Axalta Coating Systems Ltd. $AXTA

Sei Investments Co. boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,146,405 shares of the specialty chemicals company’s stock after buying an additional 68,532 shares during the quarter. Sei Investments Co.’s holdings in Axalta Coating Systems were worth $31,755,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AXTA. Covestor Ltd boosted its position in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 603 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $30,000. Summit Securities Group LLC acquired a new stake in shares of Axalta Coating Systems in the fourth quarter valued at approximately $32,000. Los Angeles Capital Management LLC acquired a new stake in shares of Axalta Coating Systems in the fourth quarter valued at approximately $35,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Axalta Coating Systems in the first quarter worth $30,000. Institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on AXTA shares. Citigroup initiated coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They set a “buy” rating and a $44.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Tuesday, June 16th. Wall Street Zen upgraded shares of Axalta Coating Systems to a “buy” rating in a research note on Saturday. Mizuho raised their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Finally, Wells Fargo & Company downgraded Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $30.00 in a research report on Friday, April 10th. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $35.67.

Axalta Coating Systems Trading Up 3.1%

NYSE AXTA opened at $33.79 on Tuesday. 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 has a 50 day moving average of $32.48 and a 200-day moving average of $31.22. The company has a market cap of $7.23 billion, a PE ratio of 19.76, a PEG ratio of 1.60 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share 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 business 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 company earned $0.59 earnings per share. The firm’s revenue for the quarter 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, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.59 EPS for the current fiscal 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.