Magnetar Financial LLC Has $23.86 Million Stock Position in Axalta Coating Systems Ltd. $AXTA

Magnetar Financial LLC boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 293.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 738,401 shares of the specialty chemicals company’s stock after buying an additional 550,820 shares during the period. Magnetar Financial LLC’s holdings in Axalta Coating Systems were worth $23,858,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Wealth LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $256,000. Alberta Investment Management Corp bought a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $12,830,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Axalta Coating Systems by 64.9% during the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,600 shares of the specialty chemicals company’s stock worth $4,543,000 after acquiring an additional 55,350 shares in the last quarter. Slotnik Capital LLC bought a new position in shares of Axalta Coating Systems during the 4th quarter worth approximately $2,100,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Axalta Coating Systems by 66.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 20,774 shares of the specialty chemicals company’s stock worth $671,000 after acquiring an additional 8,300 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

NYSE:AXTA opened at $33.34 on Wednesday. Axalta Coating Systems Ltd. has a 1-year low of $24.94 and a 1-year high of $35.72. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. The firm has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $30.75. The stock has a market capitalization of $7.14 billion, a PE ratio of 19.50, a P/E/G ratio of 1.77 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, April 30th. The specialty chemicals company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. Axalta Coating Systems had a net margin of 7.22% and a return on equity of 22.37%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business earned $0.59 earnings per share. The firm’s revenue was down .6% on a year-over-year basis. 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, research analysts expect that Axalta Coating Systems Ltd. will post 2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AXTA shares. Wells Fargo & Company cut shares of Axalta Coating Systems from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $39.00 to $30.00 in a research note on Friday, April 10th. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a research note on Friday, May 1st. UBS Group raised their price target on shares of Axalta Coating Systems from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Mizuho decreased their price target on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Finally, Royal Bank Of Canada decreased their price target on shares of Axalta Coating Systems from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Hold” and an average target price of $34.31.

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.