Janus Henderson Group PLC Buys 321,279 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Janus Henderson Group PLC grew its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 200.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 481,737 shares of the specialty chemicals company's stock after purchasing an additional 321,279 shares during the quarter. Janus Henderson Group PLC owned about 0.22% of Axalta Coating Systems worth $16,483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 498 shares during the period. UMB Bank n.a. boosted its holdings in shares of Axalta Coating Systems by 35.4% during the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 547 shares in the last quarter. Plato Investment Management Ltd grew its position in shares of Axalta Coating Systems by 156.4% in the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after buying an additional 1,365 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after acquiring an additional 617 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in Axalta Coating Systems by 54.7% during the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock valued at $112,000 after acquiring an additional 1,156 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Performance

NYSE:AXTA traded down $0.21 on Wednesday, hitting $31.63. The stock had a trading volume of 350,374 shares, compared to its average volume of 2,020,661. The business's 50-day simple moving average is $32.24 and its two-hundred day simple moving average is $35.36. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth 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 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 quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS. As a group, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on AXTA shares. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Thursday, April 10th. StockNews.com lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Citigroup cut their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company upped their price target on Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.38.

Axalta Coating Systems 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.