PDT Partners LLC Acquires 24,105 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

PDT Partners LLC boosted its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 39.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,068 shares of the specialty chemicals company’s stock after acquiring an additional 24,105 shares during the quarter. PDT Partners LLC’s holdings in Axalta Coating Systems were worth $3,079,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. lifted its position in shares of Axalta Coating Systems by 3.0% during the 2nd quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company’s stock worth $30,623,000 after buying an additional 25,717 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Axalta Coating Systems by 126.7% during the 2nd quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company’s stock worth $26,817,000 after buying an additional 443,946 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its position in shares of Axalta Coating Systems by 68.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock worth $1,310,000 after buying an additional 14,704 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Axalta Coating Systems by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock worth $128,852,000 after buying an additional 302,752 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of Axalta Coating Systems during the 2nd quarter worth approximately $541,000. Institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays lifted their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada lifted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Robert W. Baird lifted their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, KeyCorp lifted their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems Stock Down 0.2 %

Axalta Coating Systems stock opened at $40.46 on Friday. Axalta Coating Systems Ltd. has a 1-year low of $30.40 and a 1-year high of $41.65. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 0.87 and a beta of 1.43. 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 firm has a 50 day simple moving average of $37.77 and a 200 day simple moving average of $35.98.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.45 EPS. Axalta Coating Systems’s revenue was up .8% compared to the same quarter last year. On average, analysts predict that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

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.