Sand Grove Capital Management LLP Takes Position in Axalta Coating Systems Ltd. $AXTA

Sand Grove Capital Management LLP bought a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the fourth quarter, Holdings Channel.com reports. The fund bought 479,281 shares of the specialty chemicals company’s stock, valued at approximately $15,486,000. Axalta Coating Systems comprises 5.2% of Sand Grove Capital Management LLP’s holdings, making the stock its 12th largest holding.

A number of other institutional investors have also recently modified their holdings of AXTA. Covestor Ltd grew its position 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 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 during the 4th quarter valued at about $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Axalta Coating Systems during the 4th quarter valued at about $35,000. IFP Advisors Inc grew its position in shares of Axalta Coating Systems by 65.9% during 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 grew its position in shares of Axalta Coating Systems by 2,174.6% during 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.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company cut Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $39.00 to $30.00 in a report on Friday, April 10th. Citigroup assumed coverage on Axalta Coating Systems in a report on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective on the stock. Mizuho lowered their price objective on Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. UBS Group lifted their price objective on Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Finally, The Goldman Sachs Group set a $36.00 price objective on Axalta Coating Systems in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $34.31.

Axalta Coating Systems Trading Down 1.3%

AXTA stock opened at $33.34 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. Axalta Coating Systems Ltd. has a 12-month low of $24.94 and a 12-month high of $35.72. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.77 and a beta of 1.25. The business’s 50-day moving average is $29.53 and its 200 day moving average is $30.75.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.Axalta Coating Systems’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm 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, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

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.