Edgestream Partners L.P. Has $10.98 Million Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Edgestream Partners L.P. raised its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 130.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 330,939 shares of the specialty chemicals company's stock after acquiring an additional 187,354 shares during the quarter. Axalta Coating Systems comprises approximately 0.4% of Edgestream Partners L.P.'s investment portfolio, making the stock its 26th biggest holding. Edgestream Partners L.P. owned approximately 0.15% of Axalta Coating Systems worth $10,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Axalta Coating Systems by 3,005.3% in the 1st quarter. GAMMA Investing LLC now owns 76,855 shares of the specialty chemicals company's stock valued at $2,549,000 after acquiring an additional 74,380 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Axalta Coating Systems by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 502,087 shares of the specialty chemicals company's stock worth $16,654,000 after purchasing an additional 2,099 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in Axalta Coating Systems during the 1st quarter worth about $204,000. Allspring Global Investments Holdings LLC bought a new stake in Axalta Coating Systems during the 1st quarter worth about $572,000. Finally, New York State Teachers Retirement System raised its holdings in Axalta Coating Systems by 12.1% during the 1st quarter. New York State Teachers Retirement System now owns 77,859 shares of the specialty chemicals company's stock worth $2,583,000 after purchasing an additional 8,412 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Up 0.5%

Shares of AXTA traded up $0.16 on Thursday, hitting $30.04. The company's stock had a trading volume of 2,971,911 shares, compared to its average volume of 2,122,375. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.60. The firm's fifty day moving average price is $30.70 and its 200-day moving average price is $33.02. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 14.65, a P/E/G ratio of 0.84 and a beta of 1.25.

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 (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.30% and a net margin of 8.56%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.48 EPS. Axalta Coating Systems's quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on AXTA shares. BNP Paribas raised 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. Wells Fargo & Company dropped their price objective on Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. The Goldman Sachs Group dropped their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $51.00 to $33.00 in a report on Wednesday. Finally, Citigroup reissued a "neutral" rating and set a $34.00 price objective (down from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $39.47.

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.