Parsifal Capital Management LP Acquires Shares of 2,398,295 Axalta Coating Systems Ltd. $AXTA

Parsifal Capital Management LP acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 2nd quarter, Holdings Channel reports. The firm acquired 2,398,295 shares of the specialty chemicals company’s stock, valued at approximately $82,069,655,000. Axalta Coating Systems makes up 9.9% of Parsifal Capital Management LP’s holdings, making the stock its 4th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd boosted its position in shares of Axalta Coating Systems by 197.7% in the fourth 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. Cedar Mountain Advisors LLC acquired a new position in shares of Axalta Coating Systems in the first quarter valued at about $30,000. Summit Securities Group LLC acquired a new position in shares of Axalta Coating Systems in the fourth quarter valued at about $32,000. Los Angeles Capital Management LLC bought a new position in Axalta Coating Systems during the fourth quarter worth about $35,000. Finally, IFP Advisors Inc increased its position in Axalta Coating Systems by 65.9% during the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 577 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $36.20 on Monday. The stock has a market capitalization of $7.75 billion, a P/E ratio of 22.35, a PEG ratio of 1.79 and a beta of 1.24. The stock’s fifty day moving average is $34.71 and its 200 day moving average is $31.66. Axalta Coating Systems Ltd. has a 52 week low of $24.94 and a 52 week high of $38.61. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.12 and a current ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.07. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. Axalta Coating Systems’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. 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. Sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AXTA has been the subject of a number of recent research reports. UBS Group reissued a “neutral” rating on shares of Axalta Coating Systems in a report on Wednesday, July 29th. The Goldman Sachs Group set a $36.00 target price on shares of Axalta Coating Systems in a report on Friday, May 1st. Royal Bank Of Canada lifted their price target on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 8th. Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. Finally, Mizuho increased their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Axalta Coating Systems presently has an average rating of “Hold” and a consensus price target of $36.00.

Axalta Coating Systems 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.