Millennium Management LLC Raises Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Millennium Management LLC increased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,633,660 shares of the specialty chemicals company's stock after acquiring an additional 163,543 shares during the period. Millennium Management LLC owned approximately 0.75% of Axalta Coating Systems worth $55,904,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. LMR Partners LLP lifted its stake in shares of Axalta Coating Systems by 60.3% in the fourth quarter. LMR Partners LLP now owns 15,983 shares of the specialty chemicals company's stock worth $547,000 after buying an additional 6,012 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC raised its holdings in Axalta Coating Systems by 25.7% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,757 shares of the specialty chemicals company's stock worth $676,000 after acquiring an additional 4,042 shares during the last quarter. Interval Partners LP lifted its position in Axalta Coating Systems by 20.1% in the 4th quarter. Interval Partners LP now owns 2,461,936 shares of the specialty chemicals company's stock valued at $84,247,000 after acquiring an additional 411,886 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Axalta Coating Systems by 200.2% during the 4th quarter. Janus Henderson Group PLC now owns 481,737 shares of the specialty chemicals company's stock valued at $16,483,000 after purchasing an additional 321,279 shares during the last quarter. Finally, Ethic Inc. increased its holdings in shares of Axalta Coating Systems by 4.4% in the 4th quarter. Ethic Inc. now owns 65,299 shares of the specialty chemicals company's stock worth $2,235,000 after purchasing an additional 2,777 shares in the last quarter. Institutional investors own 98.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a research 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 price objective for the company in a report on Thursday, April 10th. Barclays lowered their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. Finally, Morgan Stanley lowered their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.38.

Axalta Coating Systems Trading Down 1.8%

Shares of NYSE:AXTA traded down $0.57 during trading on Tuesday, reaching $31.79. The company's stock had a trading volume of 1,792,020 shares, compared to its average volume of 2,024,911. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The firm's 50 day simple moving average is $32.28 and its two-hundred day simple moving average is $35.38. The stock has a market capitalization of $6.95 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $1.29 billion for 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%. Axalta Coating Systems's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. On average, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

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.