R Squared Ltd Invests $181,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

R Squared Ltd purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,280 shares of the specialty chemicals company’s stock, valued at approximately $181,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXTA. PointState Capital LP purchased a new position in shares of Axalta Coating Systems during the third quarter valued at approximately $30,257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Axalta Coating Systems by 151.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 633,017 shares of the specialty chemicals company’s stock valued at $22,909,000 after acquiring an additional 381,488 shares in the last quarter. Atom Investors LP boosted its holdings in Axalta Coating Systems by 198.6% during the 3rd quarter. Atom Investors LP now owns 380,616 shares of the specialty chemicals company’s stock worth $13,774,000 after acquiring an additional 253,142 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Axalta Coating Systems by 55.6% in the 3rd quarter. Verition Fund Management LLC now owns 621,376 shares of the specialty chemicals company’s stock worth $22,488,000 after acquiring an additional 221,943 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Axalta Coating Systems by 11.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company’s stock valued at $72,078,000 after purchasing an additional 205,085 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Up 0.5 %

AXTA opened at $37.14 on Thursday. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $41.65. The company has a market cap of $8.10 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 0.74 and a beta of 1.46. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average of $36.88 and a 200 day moving average of $36.36.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.15 EPS for the current year.

Analysts Set New Price Targets

AXTA has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a report on Friday, January 17th. BMO Capital Markets lifted their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Evercore ISI initiated coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

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About Axalta Coating Systems

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Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.

See Also

Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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