R Squared Ltd purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA – Free 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.
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.
Get Our Latest Report on Axalta Coating Systems
About Axalta Coating Systems
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.
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