Bayesian Capital Management LP Acquires New Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Bayesian Capital Management LP purchased a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 32,095 shares of the specialty chemicals company's stock, valued at approximately $1,098,000.

Other large investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC grew its stake in Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 443 shares in the last quarter. Jones Financial Companies Lllp raised its position 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 valued at $45,000 after purchasing an additional 498 shares during the period. UMB Bank n.a. lifted its stake in shares of Axalta Coating Systems by 35.4% in the 4th 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 grew its holdings in shares of Axalta Coating Systems by 156.4% during the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after purchasing an additional 1,365 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Axalta Coating Systems by 31.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after purchasing an additional 617 shares during the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares of the company's stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by corporate insiders.

Axalta Coating Systems Stock Down 0.6 %

Shares of Axalta Coating Systems stock traded down $0.19 during trading on Friday, hitting $31.08. 2,979,834 shares of the stock were exchanged, compared to its average volume of 2,010,028. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The firm's 50-day moving average price is $32.57 and its 200 day moving average price is $35.58. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a 12-month low of $27.70 and a 12-month high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. The business 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%. The business's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. As a group, analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of several research analyst reports. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a research note 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 objective for the company in a research report on Thursday, April 10th. StockNews.com cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Barclays boosted their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.60.

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.