Jackson Creek Investment Advisors LLC Makes New $392,000 Investment in Axalta Coating Systems Ltd. (NYSE:AXTA)

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

Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. grew its holdings in shares of Axalta Coating Systems by 11,757.1% in the 1st quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 823 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. UMB Bank n.a. increased its position in shares of Axalta Coating Systems by 31.1% during the 1st quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock worth $91,000 after purchasing an additional 651 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Axalta Coating Systems by 54.7% during the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock worth $112,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Axalta Coating Systems by 12.1% in the 1st quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock valued at $123,000 after buying an additional 401 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. The Goldman Sachs Group reduced their target price on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Morgan Stanley dropped their price target on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. 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. Finally, Citigroup reissued a "neutral" rating and issued a $34.00 price objective (down from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. Seven analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Axalta Coating Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.80.

Axalta Coating Systems Stock Performance

NYSE AXTA traded up $0.15 during trading on Tuesday, hitting $29.93. 3,632,623 shares of the company's stock traded hands, compared to its average volume of 2,136,790. The business has a 50 day moving average of $30.67 and a 200-day moving average of $32.98. Axalta Coating Systems Ltd. has a 12-month low of $27.70 and a 12-month high of $41.66. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.53 and a current ratio of 2.12. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.42 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 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. Axalta Coating Systems's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.