Man Group plc Makes New Investment in Axalta Coating Systems Ltd. $AXTA

Man Group plc acquired a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 236,548 shares of the specialty chemicals company’s stock, valued at approximately $8,095,000.

Several other institutional investors and hedge funds have also modified their holdings of AXTA. BlackRock Inc. purchased a new stake in Axalta Coating Systems in the 2nd quarter worth approximately $668,541,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Axalta Coating Systems during the second quarter valued at $599,029,000. Artisan Partners Limited Partnership increased its holdings in Axalta Coating Systems by 887.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock valued at $406,328,000 after buying an additional 11,301,977 shares in the last quarter. Lakewood Capital Management LP purchased a new position in Axalta Coating Systems in the second quarter valued at $117,157,000. Finally, Channing Capital Management LLC raised its position in shares of Axalta Coating Systems by 672.6% in the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock worth $98,157,000 after acquiring an additional 2,644,783 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

AXTA stock opened at $37.10 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. The business has a 50 day simple moving average of $34.95 and a 200-day simple moving average of $31.78. The firm has a market capitalization of $7.94 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. Axalta Coating Systems Ltd. has a 1 year low of $24.94 and a 1 year high of $38.61.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $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. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AXTA shares. BMO Capital Markets lifted their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Mizuho raised their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Citigroup initiated coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company. Wall Street Zen lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Finally, UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $36.00.

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.