Atlantic Investment Management Inc. Raises Holdings in Axalta Coating Systems Ltd. $AXTA

Atlantic Investment Management Inc. grew its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 34.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024,000 shares of the specialty chemicals company’s stock after purchasing an additional 260,000 shares during the period. Axalta Coating Systems makes up approximately 18.6% of Atlantic Investment Management Inc.’s investment portfolio, making the stock its largest holding. Atlantic Investment Management Inc. owned 0.48% of Axalta Coating Systems worth $33,085,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Luminus Management LLC bought a new stake in Axalta Coating Systems during the fourth quarter worth about $6,417,000. AQR Arbitrage LLC bought a new stake in Axalta Coating Systems during the fourth quarter worth about $18,357,000. EFG International AG bought a new stake in Axalta Coating Systems during the fourth quarter worth about $1,419,000. Jain Global LLC raised its holdings in Axalta Coating Systems by 987.2% during the fourth quarter. Jain Global LLC now owns 359,103 shares of the specialty chemicals company’s stock worth $11,603,000 after acquiring an additional 326,074 shares in the last quarter. Finally, MAC Alpha Capital Management LP bought a new stake in Axalta Coating Systems during the fourth quarter worth about $13,336,000. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Trading Up 2.0%

Shares of NYSE:AXTA opened at $33.97 on Thursday. 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 stock has a market cap of $7.27 billion, a PE ratio of 19.87, a P/E/G ratio of 1.74 and a beta of 1.25. The business has a 50 day moving average of $29.68 and a 200-day moving average of $30.78. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72.

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, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group upped their target price on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a report on Friday, May 1st. Mizuho dropped their target price on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Citigroup started coverage on Axalta Coating Systems in a report on Thursday, June 4th. They set a “buy” rating and a $44.00 price target for the company. Finally, Royal Bank Of Canada lowered their price target on 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 investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $34.31.

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.