Slotnik Capital LLC Invests $2.10 Million in Axalta Coating Systems Ltd. $AXTA

Slotnik Capital LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the fourth quarter, Holdings Channel reports. The firm bought 65,000 shares of the specialty chemicals company’s stock, valued at approximately $2,100,000. Axalta Coating Systems accounts for 0.5% of Slotnik Capital LLC’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd raised its stake 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 worth $29,000 after purchasing an additional 603 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of Axalta Coating Systems during the 4th quarter worth $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Axalta Coating Systems during the 4th quarter worth $35,000. IFP Advisors Inc raised its stake 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 worth $47,000 after purchasing an additional 577 shares during the period. Finally, CIBC Private Wealth Group LLC raised its stake 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 worth $52,000 after purchasing an additional 1,544 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Axalta Coating Systems Trading Up 2.1%

Shares of Axalta Coating Systems stock opened at $33.79 on Tuesday. Axalta Coating Systems Ltd. has a 52-week low of $24.94 and a 52-week high of $35.72. The stock’s 50-day simple moving average is $29.40 and its 200 day simple moving average is $30.72. The stock has a market capitalization of $7.23 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.53 and a current ratio of 2.10.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Axalta Coating Systems had a return on equity of 22.37% and a net margin of 7.22%.The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the business posted $0.59 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. 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. As a group, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.58 EPS for the current 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.