Stanley Capital Management LLC Buys New Stake in Axalta Coating Systems Ltd. $AXTA

Stanley Capital Management LLC purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the second quarter, according to its most recent filing with the SEC. The fund purchased 216,600 shares of the specialty chemicals company’s stock, valued at approximately $7,412,000.

Several other hedge funds have also bought and sold shares of the stock. Verdence Capital Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 2.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after purchasing an additional 330 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Axalta Coating Systems by 7.5% in the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 511 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Axalta Coating Systems by 65.9% in the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 577 shares in the last quarter. Covestor Ltd lifted its position in shares of Axalta Coating Systems by 197.7% in the fourth quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 603 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Axalta Coating Systems by 31.9% during the fourth quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 768 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AXTA. Robert W. Baird raised their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Monday, August 10th. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research report on Friday, May 1st. Mizuho boosted their price target on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, Royal Bank Of Canada upped their price target on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $36.42 on Wednesday. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The stock has a 50 day moving average price of $34.82 and a 200-day moving average price of $31.70. Axalta Coating Systems Ltd. has a one year low of $24.94 and a one year high of $38.61.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates 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 quarter in the prior year, the firm posted $0.64 EPS. 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 expect that Axalta Coating Systems Ltd. will post 2.63 EPS 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.