Jupiter Topco LLC Buys New Shares in Axalta Coating Systems Ltd. $AXTA

Key Points

• Jupiter Topco LLC acquired 1.10 million Axalta shares worth approximately $37.5 million, representing a 0.51% stake. Institutional investors and hedge funds collectively own 98.28% of the company.
• Analyst sentiment remains cautious: Axalta has a consensus “Hold” rating from 15 analysts, with an average price target of $36.00, although several firms raised their targets to $37–$39.
• Axalta reported quarterly EPS of $0.72, beating estimates of $0.65, while revenue rose 3.1% year over year to $1.35 billion. Shares opened at $36.72, near their 12-month high of $38.61.

Jupiter Topco LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,096,695 shares of the specialty chemicals company's stock, valued at approximately $37,534,000. Jupiter Topco LLC owned 0.51% of Axalta Coating Systems at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Axalta Coating Systems during the 2nd quarter worth about $668,541,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Axalta Coating Systems in the second quarter valued at approximately $599,029,000. Artisan Partners Limited Partnership grew its holdings in Axalta Coating Systems by 887.2% in the fourth quarter. Artisan Partners Limited Partnership now owns 12,575,932 shares of the specialty chemicals company's stock valued at $406,328,000 after purchasing an additional 11,301,977 shares during the period. Dimensional Fund Advisors LP increased its position in Axalta Coating Systems by 10.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,695,348 shares of the specialty chemicals company's stock worth $213,143,000 after purchasing an additional 754,098 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Axalta Coating Systems by 64.9% during the third quarter. AQR Capital Management LLC now owns 3,825,946 shares of the specialty chemicals company's stock worth $107,739,000 after purchasing an additional 1,506,083 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on AXTA. Weiss Ratings upgraded shares of Axalta Coating Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Mizuho upped their price objective on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Robert W. Baird increased their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. BMO Capital Markets lifted their target price on Axalta Coating Systems from $35.00 to $39.00 and gave the company a "market perform" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen cut Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Monday, August 10th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $36.00.

Axalta Coating Systems Stock Up 0.3%

Shares of NYSE AXTA opened at $36.72 on Friday. The stock has a fifty day moving average price of $34.91 and a 200 day moving average price of $31.74. 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. The company has a market cap of $7.86 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.81 and a beta of 1.24.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 22.35% and a net margin of 6.78%.The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The firm'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. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS 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.

Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source