2,398,295 Shares in Axalta Coating Systems Ltd. $AXTA Bought by Parsifal Capital Management LP

Key Points

• Parsifal Capital Management purchased 2,398,295 Axalta shares worth approximately $82.1 million, making AXTA its fourth-largest holding and representing a 1.12% stake.
• Axalta exceeded quarterly expectations, reporting $0.72 in EPS versus the $0.65 consensus estimate and $1.35 billion in revenue, up 3.1% year over year.
• Analyst sentiment remains cautious: the stock has an average “Hold” rating and a consensus price target of $36, roughly in line with its reported $36.20 share price.

Parsifal Capital Management LP purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,398,295 shares of the specialty chemicals company's stock, valued at approximately $82,069,655,000. Axalta Coating Systems makes up about 9.9% of Parsifal Capital Management LP's portfolio, making the stock its 4th biggest holding. Parsifal Capital Management LP owned 1.12% of Axalta Coating Systems at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AXTA. Covestor Ltd increased its stake in shares of Axalta Coating Systems by 197.7% during the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 603 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of Axalta Coating Systems in the 1st quarter valued at about $30,000. Summit Securities Group LLC acquired a new stake in Axalta Coating Systems in the 4th quarter valued at about $32,000. Los Angeles Capital Management LLC acquired a new stake in Axalta Coating Systems in the 4th quarter valued at about $35,000. Finally, IFP Advisors Inc lifted its stake in Axalta Coating Systems by 65.9% in 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 during the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $36.20 on Monday. The firm has a 50-day moving average of $34.71 and a 200-day moving average of $31.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53. The stock has a market cap of $7.75 billion, a PE ratio of 22.35, a P/E/G ratio of 1.79 and a beta of 1.24. 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 - Get Free Report) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. Axalta Coating Systems's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. On average, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the topic of a number of recent analyst reports. Weiss Ratings raised Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Royal Bank Of Canada upped 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. BMO Capital Markets raised their price objective on Axalta Coating Systems from $35.00 to $39.00 and gave the company a "market perform" rating in a research report on Wednesday, July 29th. Citigroup initiated coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They set a "buy" rating and a $44.00 target price for the company. Finally, UBS Group reissued a "neutral" rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. Four investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $36.00.

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.

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