479,281 Shares in Axalta Coating Systems Ltd. $AXTA Bought by Sand Grove Capital Management LLP

Sand Grove Capital Management LLP bought a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 479,281 shares of the specialty chemicals company’s stock, valued at approximately $15,486,000. Axalta Coating Systems comprises 5.2% of Sand Grove Capital Management LLP’s portfolio, making the stock its 12th largest position. Sand Grove Capital Management LLP owned approximately 0.22% of Axalta Coating Systems as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC raised its stake in Axalta Coating Systems by 2.0% in the 4th quarter. Verdence Capital Advisors LLC now owns 17,166 shares of the specialty chemicals company’s stock worth $555,000 after acquiring an additional 330 shares during the last quarter. GAMMA Investing LLC raised its stake in Axalta Coating Systems by 42.9% in the 4th quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock worth $54,000 after acquiring an additional 504 shares during the last quarter. Principal Securities Inc. raised its stake in Axalta Coating Systems by 7.5% in the 4th quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 511 shares during the last quarter. Park Avenue Securities LLC raised its stake in Axalta Coating Systems by 2.2% in the 4th quarter. Park Avenue Securities LLC now owns 26,707 shares of the specialty chemicals company’s stock worth $863,000 after acquiring an additional 576 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 577 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $33.34 on Wednesday. The stock has a 50-day simple moving average of $29.53 and a two-hundred day simple moving average of $30.75. The firm has a market capitalization of $7.14 billion, a P/E ratio of 19.50, a PEG ratio of 1.77 and a beta of 1.25. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $35.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. 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, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of research analyst reports. Royal Bank Of Canada reduced their target price on Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th. Wells Fargo & Company lowered Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $39.00 to $30.00 in a research note on Friday, April 10th. Citigroup assumed coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective for the company. The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a research note on Friday, May 1st. Finally, UBS Group lifted their price objective 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. Four analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, Axalta Coating Systems has an average rating of “Hold” and an average price target of $34.31.

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.