Jackson Creek Investment Advisors LLC Acquires New Shares in Axalta Coating Systems Ltd. (NYSE:AXTA)

Jackson Creek Investment Advisors LLC acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,816 shares of the specialty chemicals company's stock, valued at approximately $392,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Axalta Coating Systems by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company's stock valued at $386,032,000 after acquiring an additional 50,520 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Axalta Coating Systems by 1.3% during the 4th quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock valued at $225,789,000 after purchasing an additional 82,200 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Axalta Coating Systems by 54.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock valued at $191,190,000 after buying an additional 1,980,296 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Axalta Coating Systems by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company's stock worth $132,568,000 after buying an additional 93,298 shares during the last quarter. Finally, Norges Bank purchased a new stake in Axalta Coating Systems in the fourth quarter worth approximately $87,850,000. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $29.71 on Friday. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The firm has a market capitalization of $6.49 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.84 and a beta of 1.25. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.60. The business has a fifty day simple moving average of $30.67 and a two-hundred day simple moving average of $32.99.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Axalta Coating Systems's quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AXTA. Mizuho set a $35.00 price objective on shares of Axalta Coating Systems and gave the stock an "outperform" rating in a report on Tuesday. Wall Street Zen downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft cut Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a research note on Friday. BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $51.00 to $33.00 in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered Axalta Coating Systems from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $42.00 to $32.00 in a research note on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.80.

Axalta Coating Systems Company 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.

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