Jupiter Topco LLC Takes $37.53 Million Position in Axalta Coating Systems Ltd. $AXTA

Jupiter Topco LLC purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,096,695 shares of the specialty chemicals company’s stock, valued at approximately $37,534,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS Group AG increased its position in shares of Axalta Coating Systems by 207.4% during the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock worth $93,780,000 after acquiring an additional 1,958,395 shares during the last quarter. Aurora Investment Counsel purchased a new position in Axalta Coating Systems in the second quarter valued at about $1,749,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Axalta Coating Systems by 64.9% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,600 shares of the specialty chemicals company’s stock valued at $4,543,000 after purchasing an additional 55,350 shares in the last quarter. Arnhold LLC increased its holdings in Axalta Coating Systems by 111.8% during the 4th quarter. Arnhold LLC now owns 500,700 shares of the specialty chemicals company’s stock worth $16,178,000 after purchasing an additional 264,281 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Axalta Coating Systems by 887.2% during the 4th quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after purchasing an additional 11,301,977 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AXTA. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada lifted their price target on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 8th. Citigroup started coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target on the stock. Finally, Robert W. Baird increased their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Four equities 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, Axalta Coating Systems currently has an average rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Price Performance

AXTA opened at $36.72 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $34.91 and its 200 day moving average price is $31.74. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.Axalta Coating Systems’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.63 earnings per share 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.