Lakewood Capital Management LP Increases Position in Axalta Coating Systems Ltd. $AXTA

Lakewood Capital Management LP grew its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 34.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,187,648 shares of the specialty chemicals company’s stock after purchasing an additional 302,751 shares during the period. Axalta Coating Systems makes up about 2.6% of Lakewood Capital Management LP’s holdings, making the stock its 16th largest holding. Lakewood Capital Management LP’s holdings in Axalta Coating Systems were worth $33,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Axalta Coating Systems by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock valued at $38,533,000 after buying an additional 51,130 shares in the last quarter. Jane Street Group LLC lifted its stake in Axalta Coating Systems by 29.0% during the 1st quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock worth $5,179,000 after acquiring an additional 35,092 shares in the last quarter. Aviva PLC purchased a new position in Axalta Coating Systems during the 2nd quarter valued at about $375,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Axalta Coating Systems during the 2nd quarter valued at about $5,321,000. Finally, PNC Financial Services Group Inc. grew its position in Axalta Coating Systems by 2.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 62,068 shares of the specialty chemicals company’s stock valued at $1,843,000 after acquiring an additional 1,436 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AXTA. UBS Group reiterated a “neutral” rating and set a $36.00 price target on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Citigroup upped their target price on shares of 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 target price on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Hold” and an average target price of $36.56.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $27.58 on Friday. The business has a 50-day simple moving average of $32.90 and a 200-day simple moving average of $30.85. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.50 and a current ratio of 2.06. Axalta Coating Systems Ltd. has a one year low of $26.28 and a one year high of $35.72. The company has a market cap of $5.88 billion, a PE ratio of 15.85, a P/E/G ratio of 1.22 and a beta of 1.29.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.60 EPS. The firm’s 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. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal 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.