Maven Securities LTD Takes Position in Axalta Coating Systems Ltd. $AXTA

Maven Securities LTD bought a new stake 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 bought 35,035 shares of the specialty chemicals company’s stock, valued at approximately $1,199,000.

A number of other large investors also recently added to or reduced their stakes in the business. Formuepleje A S lifted its stake in Axalta Coating Systems by 25.9% in the second quarter. Formuepleje A S now owns 60,584 shares of the specialty chemicals company’s stock worth $2,073,000 after purchasing an additional 12,461 shares during the last quarter. Amundi grew its stake in shares of Axalta Coating Systems by 32.0% during the second quarter. Amundi now owns 841,326 shares of the specialty chemicals company’s stock valued at $28,790,000 after buying an additional 203,829 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Axalta Coating Systems by 3,242.7% in the second quarter. California State Teachers Retirement System now owns 8,434,032 shares of the specialty chemicals company’s stock worth $288,613,000 after buying an additional 8,181,723 shares during the period. AlphaGrep UK Ltd bought a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at about $219,000. Finally, Syon Capital LLC boosted its holdings in Axalta Coating Systems by 98.6% during the 2nd quarter. Syon Capital LLC now owns 20,503 shares of the specialty chemicals company’s stock valued at $702,000 after acquiring an additional 10,179 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

AXTA has been the topic of several recent research reports. Citigroup initiated coverage on Axalta Coating Systems in a research report on Thursday, June 4th. They set a “buy” rating and a $44.00 price target on the stock. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Royal Bank Of Canada raised their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 8th. UBS Group reaffirmed a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Finally, Mizuho lifted their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Trading Down 0.6%

NYSE:AXTA opened at $35.56 on Wednesday. The company has a 50-day moving average price of $35.17 and a 200-day moving average price of $31.83. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $38.61. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.65 and a beta of 1.24.

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 (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company earned $0.64 earnings per share. Axalta Coating Systems’s quarterly revenue was up 3.1% on a year-over-year basis. 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 predict that Axalta Coating Systems Ltd. will post 2.64 EPS for the current 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.