Caprock Group LLC Purchases Shares of 22,283 Axalta Coating Systems Ltd. $AXTA

Caprock Group LLC acquired a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,283 shares of the specialty chemicals company’s stock, valued at approximately $697,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Axalta Coating Systems by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,849,202 shares of the specialty chemicals company’s stock valued at $114,301,000 after purchasing an additional 11,749 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in Axalta Coating Systems by 44.3% during the second quarter. Qube Research & Technologies Ltd now owns 3,535,462 shares of the specialty chemicals company’s stock valued at $104,968,000 after buying an additional 1,085,466 shares during the period. Locust Wood Capital Advisers LLC grew its stake in shares of Axalta Coating Systems by 7.1% during the third quarter. Locust Wood Capital Advisers LLC now owns 3,472,354 shares of the specialty chemicals company’s stock valued at $99,379,000 after buying an additional 231,498 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Axalta Coating Systems by 32.6% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,752,000 shares of the specialty chemicals company’s stock worth $81,707,000 after buying an additional 677,000 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Axalta Coating Systems by 301.6% in the second quarter. AQR Capital Management LLC now owns 2,319,863 shares of the specialty chemicals company’s stock worth $68,877,000 after buying an additional 1,742,203 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $34.12 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33. The stock has a market cap of $7.28 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.50 and a beta of 1.29. The business’s 50 day moving average price is $32.83 and its 200-day moving average price is $30.57. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $37.72.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AXTA shares. Vertical Research lowered Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. Wells Fargo & Company raised their target price on shares of Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Royal Bank Of Canada increased their price target on shares of Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, Citigroup raised their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, December 18th. Seven equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $36.56.

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.