236,548 Shares in Axalta Coating Systems Ltd. $AXTA Purchased by Man Group plc

Man Group plc acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 236,548 shares of the specialty chemicals company’s stock, valued at approximately $8,095,000. Man Group plc owned 0.11% of Axalta Coating Systems at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AXTA. Principal Securities Inc. raised its stake 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 valued at $236,000 after acquiring an additional 511 shares in the last quarter. IFP Advisors Inc raised its position 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 valued at $47,000 after purchasing an additional 577 shares in the last quarter. Covestor Ltd raised its position in Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 603 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Axalta Coating Systems by 31.9% in the 4th 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. Finally, State of Michigan Retirement System grew its position in shares of Axalta Coating Systems by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 51,400 shares of the specialty chemicals company’s stock worth $1,424,000 after buying an additional 1,000 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Performance

AXTA opened at $37.10 on Friday. The company has a market cap of $7.94 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The firm’s 50-day moving average price is $34.95 and its 200-day moving average price is $31.78. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week 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 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business earned $0.64 EPS. Axalta Coating Systems’s revenue for the quarter 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. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on AXTA shares. BMO Capital Markets upped 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. The Goldman Sachs Group set a $36.00 price objective on shares of Axalta Coating Systems in a research note on Friday, May 1st. Royal Bank Of Canada boosted 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 note on Wednesday, July 8th. Weiss Ratings raised Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Mizuho lifted their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $36.00.

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.