Lakewood Capital Management LP Acquires New Shares in Axalta Coating Systems Ltd. $AXTA

Lakewood Capital Management LP acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,423,648 shares of the specialty chemicals company’s stock, valued at approximately $117,157,000. Axalta Coating Systems accounts for 6.0% of Lakewood Capital Management LP’s holdings, making the stock its 2nd biggest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AXTA. Verdence Capital Advisors LLC grew its stake in Axalta Coating Systems by 2.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock valued at $555,000 after acquiring an additional 330 shares during the period. Principal Securities Inc. raised its position in shares of Axalta Coating Systems by 7.5% during the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after purchasing an additional 511 shares during the period. IFP Advisors Inc raised its holdings in Axalta Coating Systems by 65.9% during the 4th 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 during the period. Covestor Ltd lifted its position in Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 603 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of 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 worth $103,000 after buying an additional 768 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $36.08 on Tuesday. The firm has a market cap of $7.72 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.79 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. The stock’s fifty day moving average price is $34.76 and its two-hundred day moving average price is $31.68. 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 earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, research analysts expect that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AXTA. BMO Capital Markets increased their price objective on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their price objective on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research report on Friday, May 1st. Weiss Ratings raised shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, UBS Group reiterated 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 given a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.