Empyrean Capital Partners LP Invests $66.24 Million in Axalta Coating Systems Ltd. $AXTA

Empyrean Capital Partners LP acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,050,000 shares of the specialty chemicals company’s stock, valued at approximately $66,236,000. Axalta Coating Systems comprises about 2.3% of Empyrean Capital Partners LP’s investment portfolio, making the stock its 13th largest holding.

Several other institutional investors also recently modified their holdings of AXTA. Capitolis Liquid Global Markets LLC bought a new stake in shares of Axalta Coating Systems during the fourth quarter worth $17,932,000. Boothbay Fund Management LLC bought a new stake in Axalta Coating Systems in the 4th quarter valued at $1,401,000. Atlantic Investment Management Inc. grew its stake in shares of Axalta Coating Systems by 34.0% in the fourth quarter. Atlantic Investment Management Inc. now owns 1,024,000 shares of the specialty chemicals company’s stock valued at $33,085,000 after acquiring an additional 260,000 shares in the last quarter. Luminus Management LLC acquired a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $6,417,000. Finally, AQR Arbitrage LLC bought a new position in Axalta Coating Systems during the 4th quarter worth $18,357,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Up 2.0%

NYSE AXTA opened at $33.97 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. The business has a fifty day simple moving average of $29.68 and a 200 day simple moving average of $30.78. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $35.72. The firm has a market capitalization of $7.27 billion, a P/E ratio of 19.87, a PEG ratio of 1.74 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. On average, analysts predict that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Axalta Coating Systems in a report on Tuesday. UBS Group boosted their price target on Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Mizuho reduced their target price on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. The Goldman Sachs Group set a $36.00 price objective on shares of Axalta Coating Systems in a report on Friday, May 1st. Finally, Citigroup began coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems has an average rating of “Hold” and a consensus target price of $34.31.

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.