Interval Partners LP Raises Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Interval Partners LP increased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,461,936 shares of the specialty chemicals company's stock after purchasing an additional 411,886 shares during the quarter. Axalta Coating Systems accounts for approximately 1.7% of Interval Partners LP's holdings, making the stock its 10th biggest position. Interval Partners LP owned approximately 1.13% of Axalta Coating Systems worth $84,247,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Oak Thistle LLC boosted its holdings in Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock worth $1,353,000 after buying an additional 32,135 shares in the last quarter. American Century Companies Inc. boosted its holdings in Axalta Coating Systems by 57.8% during the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock worth $12,183,000 after buying an additional 130,427 shares in the last quarter. Principal Securities Inc. boosted its holdings in Axalta Coating Systems by 5.5% during the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock worth $218,000 after buying an additional 332 shares in the last quarter. Barclays PLC boosted its holdings in Axalta Coating Systems by 50.4% during the third quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock worth $5,589,000 after buying an additional 51,748 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Axalta Coating Systems by 62.7% during the third quarter. Franklin Resources Inc. now owns 138,081 shares of the specialty chemicals company's stock worth $5,097,000 after buying an additional 53,222 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 0.9%

Axalta Coating Systems stock traded down $0.30 during midday trading on Wednesday, hitting $32.73. 407,977 shares of the stock were exchanged, compared to its average volume of 2,022,445. The stock has a market capitalization of $7.15 billion, a PE ratio of 18.36, a P/E/G ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. The company has a fifty day simple moving average of $32.40 and a two-hundred day simple moving average of $35.52. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AXTA shares. Mizuho set a $37.00 price target on shares of Axalta Coating Systems in a report on Tuesday, April 15th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a report on Thursday, April 10th. Citigroup cut their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Wolfe Research raised shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $42.00 to $32.00 in a research report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of "Moderate Buy" and an average price target of $40.60.

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.