111 Capital Purchases New Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

111 Capital acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 19,238 shares of the specialty chemicals company's stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AXTA. Janney Montgomery Scott LLC lifted its stake in Axalta Coating Systems by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock worth $820,000 after purchasing an additional 323 shares during the last quarter. Principal Securities Inc. lifted its stake 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 purchasing an additional 332 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Axalta Coating Systems by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company's stock worth $231,000 after purchasing an additional 334 shares during the last quarter. ProShare Advisors LLC lifted its stake in Axalta Coating Systems by 2.9% during the fourth quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock worth $419,000 after purchasing an additional 343 shares during the last quarter. Finally, Optas LLC lifted its stake in Axalta Coating Systems by 7.3% during the fourth quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company's stock worth $206,000 after purchasing an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA traded down $0.26 during trading on Monday, reaching $30.54. The company had a trading volume of 2,181,414 shares, compared to its average volume of 2,045,226. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The stock's fifty day moving average price is $31.66 and its 200 day moving average price is $34.79. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66.

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, beating analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. As a group, equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company boosted their target price on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Wall Street Zen cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Citigroup decreased their target price on Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group cut their price target on 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, JPMorgan Chase & Co. lowered Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $42.00 to $32.00 in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Axalta Coating Systems has a consensus rating of "Moderate Buy" and a consensus target price 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.