Magnetar Financial LLC Has $23.86 Million Holdings in Axalta Coating Systems Ltd. $AXTA

Magnetar Financial LLC raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 293.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 738,401 shares of the specialty chemicals company’s stock after purchasing an additional 550,820 shares during the period. Magnetar Financial LLC owned 0.35% of Axalta Coating Systems worth $23,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AXTA. Covestor Ltd raised its position in shares of Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 603 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at approximately $35,000. IFP Advisors Inc raised its position in shares of 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 acquiring an additional 577 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in shares of Axalta Coating Systems by 2,174.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,615 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 1,544 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $33.34 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10. The company has a market capitalization of $7.14 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.77 and a beta of 1.25. The company’s 50 day moving average price is $29.53 and its two-hundred day moving average price is $30.75. Axalta Coating Systems Ltd. has a 52 week low of $24.94 and a 52 week high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.70 EPS and its Q2 2026 guidance at 0.650-0.65 EPS. On average, analysts expect that Axalta Coating Systems Ltd. will post 2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on AXTA. Royal Bank Of Canada cut their price target on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company downgraded shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $39.00 to $30.00 in a research report on Friday, April 10th. UBS Group increased their price target on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Mizuho cut their price target on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, March 23rd. Finally, Citigroup began coverage on shares of Axalta Coating Systems in a research report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $34.31.

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.