Atlantic Investment Management Inc. Has $33.09 Million Holdings in Axalta Coating Systems Ltd. $AXTA

Atlantic Investment Management Inc. lifted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 34.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,024,000 shares of the specialty chemicals company’s stock after purchasing an additional 260,000 shares during the quarter. Axalta Coating Systems accounts for approximately 18.6% of Atlantic Investment Management Inc.’s investment portfolio, making the stock its largest holding. Atlantic Investment Management Inc.’s holdings in Axalta Coating Systems were worth $33,085,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXTA. Artisan Partners Limited Partnership lifted its stake in Axalta Coating Systems by 887.2% during the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company’s stock worth $406,328,000 after purchasing an additional 11,301,977 shares during the last quarter. Millennium Management LLC lifted its stake in Axalta Coating Systems by 475.3% during the third quarter. Millennium Management LLC now owns 7,838,111 shares of the specialty chemicals company’s stock worth $224,327,000 after purchasing an additional 6,475,786 shares during the last quarter. Channing Capital Management LLC lifted its stake in Axalta Coating Systems by 672.6% during the fourth quarter. Channing Capital Management LLC now owns 3,037,990 shares of the specialty chemicals company’s stock worth $98,157,000 after purchasing an additional 2,644,783 shares during the last quarter. UBS Group AG lifted its stake in Axalta Coating Systems by 207.4% during the fourth quarter. UBS Group AG now owns 2,902,507 shares of the specialty chemicals company’s stock worth $93,780,000 after purchasing an additional 1,958,395 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Axalta Coating Systems by 36.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,941,250 shares of the specialty chemicals company’s stock worth $224,282,000 after purchasing an additional 1,845,353 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $33.97 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The stock 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 twelve month low of $24.94 and a twelve month high of $35.72. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.74 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the business posted $0.59 EPS. The business’s revenue 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. Sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.58 EPS for the current year.

Analyst Ratings Changes

AXTA has been the subject of several recent analyst reports. Citigroup initiated coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They set a “buy” rating and a $44.00 target price for the company. Mizuho lowered their price target on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Wells Fargo & Company downgraded shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $39.00 to $30.00 in a report on Friday, April 10th. UBS Group upped their price target on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada lowered their price target on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.31.

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.