Atlantic Investment Management Inc. Takes Position in Axalta Coating Systems Ltd. $AXTA

Atlantic Investment Management Inc. purchased 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 & Exchange Commission. The firm purchased 764,000 shares of the specialty chemicals company’s stock, valued at approximately $21,866,000. Axalta Coating Systems makes up about 12.6% of Atlantic Investment Management Inc.’s investment portfolio, making the stock its 4th largest position. Atlantic Investment Management Inc. owned 0.36% of Axalta Coating Systems at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in Axalta Coating Systems by 4.2% in the 3rd quarter. Global Retirement Partners LLC now owns 11,478 shares of the specialty chemicals company’s stock valued at $328,000 after buying an additional 464 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Axalta Coating Systems by 7.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 10,995 shares of the specialty chemicals company’s stock worth $315,000 after buying an additional 729 shares during the last quarter. R Squared Ltd grew its holdings in shares of Axalta Coating Systems by 9.9% in the third quarter. R Squared Ltd now owns 10,270 shares of the specialty chemicals company’s stock valued at $294,000 after acquiring an additional 927 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Axalta Coating Systems by 1.6% in the third quarter. Arizona State Retirement System now owns 64,674 shares of the specialty chemicals company’s stock valued at $1,851,000 after acquiring an additional 1,011 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Axalta Coating Systems by 8.6% during the second quarter. Quadrant Capital Group LLC now owns 13,581 shares of the specialty chemicals company’s stock valued at $403,000 after acquiring an additional 1,073 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AXTA. BMO Capital Markets reiterated a “market perform” rating and set a $35.00 price target on shares of Axalta Coating Systems in a report on Wednesday, February 11th. UBS Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Citigroup lifted their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Mizuho set a $39.00 price target on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Finally, KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems presently has an average rating of “Hold” and an average price target of $36.56.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $27.58 on Friday. The firm has a market capitalization of $5.88 billion, a P/E ratio of 15.85, a PEG ratio of 1.21 and a beta of 1.29. Axalta Coating Systems Ltd. has a one year low of $26.28 and a one year high of $35.72. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.06 and a quick ratio of 1.50. The business has a fifty day moving average price of $32.90 and a 200-day moving average price of $30.84.

Axalta Coating Systems (NYSE:AXTA) last released 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). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. Axalta Coating Systems had a net margin of 7.39% and a return on equity of 23.60%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current 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.