Janus Henderson Group PLC Increases Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Janus Henderson Group PLC raised its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 200.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 481,737 shares of the specialty chemicals company's stock after acquiring an additional 321,279 shares during the quarter. Janus Henderson Group PLC owned approximately 0.22% of Axalta Coating Systems worth $16,483,000 as of its most recent SEC filing.

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

Axalta Coating Systems Stock Down 0.9%

Shares of AXTA traded down $0.29 during mid-day trading on Monday, hitting $32.36. 2,272,120 shares of the company's stock were exchanged, compared to its average volume of 2,025,845. The stock's 50-day moving average is $32.31 and its 200-day moving average is $35.42. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 0.92 and a beta of 1.35.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on AXTA. Morgan Stanley reduced their price target on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price on the stock in a research note on Thursday, April 10th. Wells Fargo & Company increased their price target on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. The Goldman Sachs Group reduced their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Finally, StockNews.com cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, 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.