Night Squared LP Takes Position in Axalta Coating Systems Ltd. $AXTA

Night Squared LP bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 186,325 shares of the specialty chemicals company’s stock, valued at approximately $5,333,000. Axalta Coating Systems accounts for about 1.9% of Night Squared LP’s investment portfolio, making the stock its 23rd biggest position. Night Squared LP owned approximately 0.09% of Axalta Coating Systems at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. raised its position in Axalta Coating Systems by 22.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 717,059 shares of the specialty chemicals company’s stock valued at $21,289,000 after purchasing an additional 130,347 shares during the last quarter. CWM LLC boosted its stake in Axalta Coating Systems by 211.8% during the 3rd quarter. CWM LLC now owns 141,253 shares of the specialty chemicals company’s stock worth $4,043,000 after purchasing an additional 95,950 shares during the period. Wedge Capital Management L L P NC grew its position in Axalta Coating Systems by 23.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 166,639 shares of the specialty chemicals company’s stock worth $4,769,000 after purchasing an additional 32,196 shares during the last quarter. Intech Investment Management LLC grew its position in Axalta Coating Systems by 277.3% during the 3rd quarter. Intech Investment Management LLC now owns 103,292 shares of the specialty chemicals company’s stock worth $2,956,000 after purchasing an additional 75,915 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC increased its stake in Axalta Coating Systems by 7.1% in the third quarter. Locust Wood Capital Advisers LLC now owns 3,472,354 shares of the specialty chemicals company’s stock valued at $99,379,000 after purchasing an additional 231,498 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BMO Capital Markets reaffirmed a “market perform” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a report on Wednesday, February 11th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Vertical Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 7th. UBS Group reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, Robert W. Baird set a $37.00 price objective on Axalta Coating Systems in a research report on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Axalta Coating Systems currently has an average rating of “Hold” and an average target price of $36.56.

Axalta Coating Systems Stock Down 1.0%

AXTA stock opened at $27.58 on Friday. The stock has a market capitalization of $5.88 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. The company has a fifty day moving average of $32.90 and a 200-day moving average of $30.85. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.50 and a current ratio of 2.06. Axalta Coating Systems Ltd. has a one year low of $26.28 and a one year high of $35.72.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 10th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Axalta Coating Systems had a return on equity of 23.60% and a net margin of 7.39%.The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Axalta Coating Systems has set its Q1 2026 guidance at 0.500-0.50 EPS. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current 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.