Boussard & Gavaudan Gestion Sas Makes New Investment in Axalta Coating Systems Ltd. $AXTA

Key Points

• Boussard & Gavaudan Gestion initiated a position in Axalta Coating Systems, buying 51,119 shares valued at approximately $1.75 million. Institutional investors collectively own 98.28% of the company.
• Analyst sentiment remains cautious: four analysts rate AXTA a Buy and 11 rate it Hold, resulting in a consensus Hold rating and an average price target of $36.00.
• Axalta exceeded quarterly expectations, reporting $0.72 in EPS versus the $0.65 estimate and $1.35 billion in revenue, up 3.1% year over year. Shares opened at $37.10, near their 12-month high of $38.61.

Boussard & Gavaudan Gestion Sas bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 51,119 shares of the specialty chemicals company's stock, valued at approximately $1,748,000.

Other large investors also recently added to or reduced their stakes in the company. Covestor Ltd boosted its holdings in shares of 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 during the period. Cedar Mountain Advisors LLC purchased a new position in shares of Axalta Coating Systems during the first quarter valued at $30,000. Mint Tower Capital Management B.V. purchased a new position in shares of Axalta Coating Systems during the second quarter valued at $31,000. Summit Securities Group LLC bought a new stake in shares of Axalta Coating Systems in the fourth quarter valued at about $32,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Axalta Coating Systems in the fourth quarter valued at about $35,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AXTA. Royal Bank Of Canada increased 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. Citigroup assumed coverage on shares of Axalta Coating Systems in a report on Thursday, June 4th. They issued a "buy" rating and a $44.00 price target for the company. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $35.00 to $39.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 10th. Finally, Mizuho lifted their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an "outperform" rating in a report 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.com, the company presently has a consensus rating of "Hold" and an average target price of $36.00.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $37.10 on Friday. The business's fifty day simple moving average is $34.95 and its 200-day simple moving average is $31.78. The company has a market cap of $7.94 billion, a PE ratio of 22.90, a PEG ratio of 1.81 and a beta of 1.24. The company has a current ratio of 1.53, a quick ratio of 1.12 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 $38.61.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter last year, the firm earned $0.64 EPS. The business'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. Analysts expect that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

About Axalta Coating Systems

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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