Pentwater Capital Management LP Invests $25.90 Million in Axalta Coating Systems Ltd. $AXTA

Pentwater Capital Management LP purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 756,762 shares of the specialty chemicals company’s stock, valued at approximately $25,896,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AXTA. Goldman Sachs Group Inc. raised its holdings in shares of Axalta Coating Systems by 4.6% during 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 acquiring an additional 51,130 shares during the last quarter. Jane Street Group LLC lifted its holdings in Axalta Coating Systems by 29.0% in the 1st quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock valued at $5,179,000 after purchasing an additional 35,092 shares in the last quarter. Invesco Ltd. boosted its stake in Axalta Coating Systems by 8.5% during the 2nd quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock worth $12,069,000 after purchasing an additional 31,759 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Axalta Coating Systems by 371.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 2,758 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in Axalta Coating Systems by 22.0% during the 2nd quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock valued at $9,445,000 after acquiring an additional 57,440 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on AXTA shares. The Goldman Sachs Group set a $36.00 target price on shares of Axalta Coating Systems in a research note on Friday, May 1st. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Royal Bank Of Canada upped their target price 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. Robert W. Baird raised their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets boosted their price target 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. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.00.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $36.61 on Thursday. The firm has a market cap of $7.84 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. 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 52 week low of $24.94 and a 52 week high of $38.61. The business’s fifty day simple moving average is $34.87 and its 200-day simple moving average is $31.72.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. Axalta Coating Systems’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last 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. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current 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.