Axalta Coating Systems Ltd. $AXTA Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,943,713 shares of the specialty chemicals company’s stock after selling 78,893 shares during the quarter. Thrivent Financial for Lutherans owned about 0.91% of Axalta Coating Systems worth $62,801,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Leeward Investments LLC MA increased its stake in Axalta Coating Systems by 74.3% in the fourth quarter. Leeward Investments LLC MA now owns 758,718 shares of the specialty chemicals company’s stock valued at $24,514,000 after purchasing an additional 323,314 shares during the period. Allworth Financial LP increased its stake in Axalta Coating Systems by 31.9% in the fourth quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 768 shares during the period. Summit Wealth Group LLC Co. acquired a new position in Axalta Coating Systems in the fourth quarter valued at $279,000. Sequoia Financial Advisors LLC increased its stake in Axalta Coating Systems by 14.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 13,472 shares of the specialty chemicals company’s stock valued at $435,000 after purchasing an additional 1,685 shares during the period. Finally, Advisors Preferred LLC acquired a new position in Axalta Coating Systems in the fourth quarter valued at $2,756,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 4.8%

Shares of Axalta Coating Systems stock opened at $26.82 on Friday. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $35.72. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The company’s 50-day simple moving average is $28.11 and its 200-day simple moving average is $30.43. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) 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 analyst estimates of $1.21 billion. During the same period in the previous year, the business posted $0.59 earnings per share. The business’s revenue 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. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wells Fargo & Company lowered shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $39.00 to $30.00 in a research note on Friday, April 10th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $36.00 price objective on shares of Axalta Coating Systems in a research note on Friday, May 1st. 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 note on Friday, May 1st. Finally, Citigroup dropped their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.15.

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.