Pentwater Capital Management LP Takes $25.90 Million Position in Axalta Coating Systems Ltd. $AXTA

Pentwater Capital Management LP acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 756,762 shares of the specialty chemicals company’s stock, valued at approximately $25,896,000. Pentwater Capital Management LP owned approximately 0.35% of Axalta Coating Systems as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd grew its position in shares of Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 603 shares during the last quarter. Cedar Mountain Advisors LLC purchased a new position in Axalta Coating Systems during the 1st quarter worth $30,000. Summit Securities Group LLC acquired a new position in Axalta Coating Systems during the 4th quarter valued at about $32,000. Los Angeles Capital Management LLC purchased a new stake in Axalta Coating Systems in the fourth quarter valued at about $35,000. Finally, IFP Advisors Inc boosted its holdings in 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 acquiring an additional 577 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in 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 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. Robert W. Baird boosted their price objective on Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a research note on Friday, May 1st. Finally, Citigroup assumed coverage on Axalta Coating Systems in a report on Thursday, June 4th. They set a “buy” rating and a $44.00 target price on the stock. Four analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems Trading Up 0.6%

Shares of Axalta Coating Systems stock opened at $36.61 on Thursday. The firm has a 50-day simple moving average of $34.87 and a two-hundred day simple moving average of $31.72. The company has a market cap of $7.84 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24. Axalta Coating Systems Ltd. has a fifty-two week low of $24.94 and a fifty-two week high of $38.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last announced 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 firm had revenue of $1.35 billion during 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, equities analysts predict that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

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.