MAC Alpha Capital Management LP Has $22.10 Million Position in Axalta Coating Systems Ltd. $AXTA

Key Points

• MAC Alpha Capital Management increased its Axalta stake by 45.9% in the second quarter, owning 645,643 shares valued at $22.1 million. Institutional investors collectively own 98.28% of AXTA.
• Axalta reported quarterly EPS of $0.72, beating estimates of $0.65, while revenue rose 3.1% year over year to $1.35 billion. The company reaffirmed FY 2026 EPS guidance of $2.55–$2.70.
• AXTA opened at $32.24, below the analyst consensus target of $36.85. Analyst sentiment remains mixed, with five Buy ratings and nine Holds, resulting in an overall consensus rating of Hold.

MAC Alpha Capital Management LP lifted its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 45.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 645,643 shares of the specialty chemicals company's stock after purchasing an additional 203,243 shares during the quarter. Axalta Coating Systems accounts for about 4.4% of MAC Alpha Capital Management LP's investment portfolio, making the stock its 4th biggest holding. MAC Alpha Capital Management LP owned 0.30% of Axalta Coating Systems worth $22,096,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Axalta Coating Systems in the second quarter valued at $668,541,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter worth approximately $599,029,000. Artisan Partners Limited Partnership grew its stake 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 last quarter. Dimensional Fund Advisors LP raised its holdings in Axalta Coating Systems by 10.9% in 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 in the last quarter. Finally, Lakewood Capital Management LP purchased a new stake in shares of Axalta Coating Systems during the second quarter valued at about $117,157,000. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Trading Up 0.1%

AXTA stock opened at $32.24 on Monday. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $38.61. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99. The firm has a market cap of $6.90 billion, a P/E ratio of 19.90, a PEG ratio of 1.49 and a beta of 1.24. The company's 50-day simple moving average is $35.10 and its 200-day simple moving average is $31.81.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly 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 company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. Axalta Coating Systems's quarterly 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. As a group, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 29th. Royal Bank Of Canada lifted their price target 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. KeyCorp initiated coverage on Axalta Coating Systems in a research report on Friday, September 11th. They set an "overweight" rating and a $47.00 price target on the stock. BMO Capital Markets increased their price objective 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 shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.85.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a global coatings company that develops, manufactures and sells protective, decorative and functional coatings. Its products are used by automotive manufacturers, vehicle repair and refinish businesses, industrial equipment producers, commercial transportation companies and other customers seeking to protect surfaces from corrosion, weathering and wear.

The company's offerings include liquid and powder coatings, primers, clearcoats, electrocoat systems, sealants and other coating technologies.

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