Night Squared LP Takes $5.33 Million Position in Axalta Coating Systems Ltd. $AXTA

Night Squared LP purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 186,325 shares of the specialty chemicals company’s stock, valued at approximately $5,333,000. Axalta Coating Systems makes up 1.9% of Night Squared LP’s holdings, making the stock its 23rd biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP raised its position in Axalta Coating Systems by 19.5% in the third quarter. Marshall Wace LLP now owns 1,115,674 shares of the specialty chemicals company’s stock worth $31,931,000 after acquiring an additional 182,194 shares in the last quarter. HITE Hedge Asset Management LLC purchased a new stake in shares of Axalta Coating Systems during the 3rd quarter worth $7,931,000. Invesco Ltd. boosted its position in shares of Axalta Coating Systems by 1.1% during the 3rd quarter. Invesco Ltd. now owns 411,001 shares of the specialty chemicals company’s stock worth $11,763,000 after purchasing an additional 4,490 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Axalta Coating Systems by 67.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,047,679 shares of the specialty chemicals company’s stock worth $29,985,000 after purchasing an additional 421,770 shares during the period. Finally, UBS Group AG grew its stake in shares of Axalta Coating Systems by 202.3% during the 3rd quarter. UBS Group AG now owns 944,112 shares of the specialty chemicals company’s stock worth $27,020,000 after purchasing an additional 631,779 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $27.58 on Friday. The firm has a market capitalization of $5.88 billion, a PE ratio of 15.85, a P/E/G ratio of 1.22 and a beta of 1.29. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $35.72. The firm’s 50-day simple moving average is $32.90 and its 200 day simple moving average is $30.85. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33.

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

Analyst Ratings Changes

Several analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Axalta Coating Systems from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research report on Wednesday, January 21st. Royal Bank Of Canada lifted their price target on shares of Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, February 12th. UBS Group reissued a “neutral” rating and set a $36.00 price target on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $35.00 price target on shares of Axalta Coating Systems in a report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $36.56.

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.