MRA Advisory Group Invests $394,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

MRA Advisory Group acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,874 shares of the specialty chemicals company's stock, valued at approximately $394,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. boosted its position in Axalta Coating Systems by 11,757.1% during the 1st quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 823 shares during the period. Jones Financial Companies Lllp boosted its stake in Axalta Coating Systems by 60.7% during the 4th 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. Plato Investment Management Ltd boosted its position in shares of Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after buying an additional 1,365 shares during the period. Venturi Wealth Management LLC boosted its position in 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 acquiring an additional 617 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in Axalta Coating Systems by 54.7% in the fourth 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 during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Down 1.2%

Shares of NYSE:AXTA opened at $30.29 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The company has a market cap of $6.62 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. The firm has a 50 day simple moving average of $31.51 and a 200 day simple moving average of $34.66.

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 company had revenue of $1.29 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 earnings per share. As a group, research analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on AXTA shares. Wells Fargo & Company upped their price target on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Thursday, April 10th. Barclays cut their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Citigroup cut their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group cut their target price on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Axalta Coating Systems has a consensus rating of "Moderate Buy" and an average target price of $40.38.

About Axalta Coating Systems

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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