Bull Harbor Capital LLC Buys New Shares in Axalta Coating Systems Ltd. $AXTA

Bull Harbor Capital LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 17,642 shares of the specialty chemicals company’s stock, valued at approximately $489,000.

Several other large investors have also recently bought and sold shares of AXTA. Covestor Ltd grew its stake in Axalta Coating Systems by 197.7% in the fourth 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. Eagle Bay Advisors LLC bought a new stake in shares of Axalta Coating Systems during the 4th quarter worth approximately $30,000. Cedar Mountain Advisors LLC bought a new stake in shares of Axalta Coating Systems during the 1st quarter worth approximately $30,000. Summit Securities Group LLC bought a new stake in shares of Axalta Coating Systems during the 4th quarter worth approximately $32,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at approximately $35,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AXTA shares. Mizuho raised their target price on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Robert W. Baird upped their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Tuesday, June 16th. BMO Capital Markets lifted their price objective on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Citigroup started coverage on shares of Axalta Coating Systems in a research note on Thursday, June 4th. They set a “buy” rating and a $44.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Axalta Coating Systems Stock Performance

AXTA opened at $35.90 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $36.62. The business has a 50 day moving average of $33.02 and a 200-day moving average of $31.32. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.79 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. Axalta Coating Systems had a return on equity of 22.35% and a net margin of 6.78%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. 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. On average, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.62 earnings per share 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.