Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought by Atom Investors LP

Atom Investors LP grew its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 198.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 380,616 shares of the specialty chemicals company’s stock after acquiring an additional 253,142 shares during the quarter. Axalta Coating Systems comprises approximately 1.4% of Atom Investors LP’s holdings, making the stock its 3rd largest position. Atom Investors LP owned approximately 0.17% of Axalta Coating Systems worth $13,774,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AXTA. Tidal Investments LLC boosted its position in Axalta Coating Systems by 51.3% during the 1st quarter. Tidal Investments LLC now owns 23,311 shares of the specialty chemicals company’s stock worth $802,000 after acquiring an additional 7,901 shares during the period. GAMMA Investing LLC raised its stake in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after buying an additional 747 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Axalta Coating Systems by 294.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 236,524 shares of the specialty chemicals company’s stock worth $8,082,000 after buying an additional 176,557 shares in the last quarter. CWM LLC raised its stake in shares of Axalta Coating Systems by 95.4% in the 2nd quarter. CWM LLC now owns 6,958 shares of the specialty chemicals company’s stock worth $238,000 after buying an additional 3,397 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Axalta Coating Systems by 8.2% in the 2nd quarter. SG Americas Securities LLC now owns 58,008 shares of the specialty chemicals company’s stock worth $1,982,000 after buying an additional 4,397 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $40.46 on Monday. The business’s 50-day moving average price is $37.77 and its two-hundred day moving average price is $35.98. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. Axalta Coating Systems Ltd. has a one year low of $30.40 and a one year high of $41.65. The company has a market capitalization of $8.82 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI assumed coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective on the stock. Mizuho boosted their price objective on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. KeyCorp boosted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $42.45.

Axalta Coating Systems Company Profile

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.