Parsifal Capital Management LP Takes Position in Axalta Coating Systems Ltd. $AXTA

Parsifal Capital Management LP purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,398,295 shares of the specialty chemicals company’s stock, valued at approximately $82,069,655. Axalta Coating Systems accounts for about 0.0% of Parsifal Capital Management LP’s holdings, making the stock its 4th biggest holding. Parsifal Capital Management LP owned 1.12% 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 AXTA. Goldman Sachs Group Inc. boosted its stake in shares of Axalta Coating Systems by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,682 shares of the specialty chemicals company’s stock worth $38,533,000 after buying an additional 51,130 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Axalta Coating Systems by 29.0% during the first quarter. Jane Street Group LLC now owns 156,122 shares of the specialty chemicals company’s stock worth $5,179,000 after purchasing an additional 35,092 shares during the last quarter. Invesco Ltd. grew its holdings in Axalta Coating Systems by 8.5% during the 2nd quarter. Invesco Ltd. now owns 406,511 shares of the specialty chemicals company’s stock valued at $12,069,000 after purchasing an additional 31,759 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Axalta Coating Systems by 371.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 2,758 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Axalta Coating Systems by 22.0% in the 2nd quarter. First Trust Advisors LP now owns 318,122 shares of the specialty chemicals company’s stock worth $9,445,000 after purchasing an additional 57,440 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. 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 research report on Wednesday, July 8th. Weiss Ratings upgraded shares of Axalta Coating Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Mizuho boosted their price objective 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 eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Price Performance

NYSE AXTA traded up $0.24 on Friday, reaching $36.93. The company’s stock had a trading volume of 631,192 shares, compared to its average volume of 2,567,420. The firm’s 50 day moving average is $34.91 and its two-hundred day moving average is $31.74. The stock has a market cap of $7.90 billion, a PE ratio of 22.80, a PEG ratio of 1.81 and a beta of 1.24. Axalta Coating Systems Ltd. has a twelve month low of $24.94 and a twelve month 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 posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $0.64 earnings per share. The company’s 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. As a group, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

Axalta Coating Systems Company 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.