Capricorn Fund Managers Ltd Has $1.26 Million Stock Position in Axalta Coating Systems Ltd. $AXTA

Capricorn Fund Managers Ltd lessened its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 43.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,516 shares of the specialty chemicals company’s stock after selling 34,484 shares during the period. Capricorn Fund Managers Ltd’s holdings in Axalta Coating Systems were worth $1,261,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AXTA. Intech Investment Management LLC grew its position in Axalta Coating Systems by 277.3% during the third quarter. Intech Investment Management LLC now owns 103,292 shares of the specialty chemicals company’s stock valued at $2,956,000 after buying an additional 75,915 shares during the period. Lakewood Capital Management LP grew its position in shares of 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 valued at $33,990,000 after acquiring an additional 302,751 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Axalta Coating Systems by 71.9% in 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 purchasing an additional 44,343 shares during the period. 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 purchasing an additional 6,475,786 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Axalta Coating Systems by 18.0% during the third 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 period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 0.6%

Shares of AXTA stock opened at $34.21 on Wednesday. The company has a market capitalization of $7.32 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $35.72. The business’s fifty day moving average is $30.75 and its 200 day moving average is $31.10. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10.

Axalta Coating Systems (NYSE:AXTA) last announced 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 return on equity of 22.37% and a net margin of 7.22%.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 prior year, the company earned $0.59 EPS. The company’s quarterly 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. On average, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on AXTA shares. Wells Fargo & Company lowered 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 note on Friday, April 10th. Royal Bank Of Canada decreased their price objective on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. Mizuho dropped their price objective on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Finally, Citigroup started coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.