Maven Securities LTD Makes New Investment in Axalta Coating Systems Ltd. $AXTA

Maven Securities LTD acquired a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 35,035 shares of the specialty chemicals company’s stock, valued at approximately $1,199,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Covestor Ltd grew its position in shares of Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 603 shares during the period. Cedar Mountain Advisors LLC purchased a new position in Axalta Coating Systems during the 1st quarter valued at about $30,000. Mint Tower Capital Management B.V. bought a new stake in Axalta Coating Systems during the second quarter worth about $31,000. Summit Securities Group LLC bought a new stake in Axalta Coating Systems during the fourth quarter worth about $32,000. Finally, Los Angeles Capital Management LLC bought a new stake in Axalta Coating Systems during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 0.6%

AXTA stock opened at $35.56 on Wednesday. The stock has a market capitalization of $7.61 billion, a P/E ratio of 21.95, a P/E/G ratio of 1.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.12. Axalta Coating Systems Ltd. has a 1-year low of $24.94 and a 1-year high of $38.61. The business has a fifty day moving average price of $35.17 and a 200-day moving average price of $31.83.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data 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. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm posted $0.64 earnings per share. Axalta Coating Systems’s revenue was up 3.1% compared to the same quarter last year. 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 analysts forecast that Axalta Coating Systems Ltd. will post 2.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Robert W. Baird raised their target price 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. BMO Capital Markets boosted their price target on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Mizuho raised their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Citigroup started coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.00.

About Axalta Coating Systems

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.