3,423,648 Shares in Axalta Coating Systems Ltd. $AXTA Purchased by Lakewood Capital Management LP

Lakewood Capital Management LP bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,423,648 shares of the specialty chemicals company’s stock, valued at approximately $117,157,000. Axalta Coating Systems makes up 6.0% of Lakewood Capital Management LP’s investment portfolio, making the stock its 2nd largest position. Lakewood Capital Management LP owned approximately 1.60% of Axalta Coating Systems at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Verdence Capital Advisors LLC lifted its holdings in Axalta Coating Systems by 2.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock worth $555,000 after buying an additional 330 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Axalta Coating Systems by 7.5% in the 4th quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock valued at $236,000 after buying an additional 511 shares during the period. IFP Advisors Inc raised its position in shares of Axalta Coating Systems by 65.9% during the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 577 shares during the last quarter. Covestor Ltd raised its position in shares of Axalta Coating Systems by 197.7% during the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 603 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Axalta Coating Systems by 31.9% during the fourth quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company’s stock valued at $103,000 after acquiring an additional 768 shares during the period. 98.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AXTA shares. Royal Bank Of Canada raised their price target on Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a report on Wednesday, July 8th. BMO Capital Markets upped their target price on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Citigroup assumed coverage on shares of Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 target price on the stock. Weiss Ratings upgraded shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a research note on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems Stock Down 0.3%

Shares of Axalta Coating Systems stock opened at $36.08 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $38.61. The business has a fifty day simple moving average of $34.76 and a 200 day simple moving average of $31.68. The stock has a market cap of $7.72 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. Research analysts predict that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

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.