MRA Advisory Group purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,874 shares of the specialty chemicals company's stock, valued at approximately $394,000.
Other hedge funds have also added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in shares of 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 worth $28,000 after purchasing an additional 823 shares in the last quarter. Jones Financial Companies Lllp increased 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 worth $45,000 after acquiring an additional 498 shares during the period. Plato Investment Management Ltd raised its holdings in Axalta Coating Systems by 156.4% in the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock valued at $77,000 after acquiring an additional 1,365 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of 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 valued at $88,000 after acquiring an additional 617 shares during the period. Finally, Headlands Technologies LLC lifted its position 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 valued at $112,000 after acquiring an additional 1,156 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently commented on AXTA shares. Barclays decreased their price target on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Wall Street Zen cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report 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. Morgan Stanley cut their target price 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. Finally, Mizuho set a $37.00 price target on Axalta Coating Systems in a research note on Tuesday, April 15th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $40.38.
View Our Latest Research Report on Axalta Coating Systems
Axalta Coating Systems Price Performance
AXTA stock traded up $0.21 during midday trading on Monday, reaching $30.93. 1,734,471 shares of the stock were exchanged, compared to its average volume of 2,039,389. The stock has a market capitalization of $6.76 billion, a PE ratio of 17.38, a P/E/G ratio of 0.92 and a beta of 1.27. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. 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 company has a fifty day moving average price of $31.46 and a 200 day moving average price of $34.54.
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 for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. 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 company posted $0.48 EPS. Axalta Coating Systems's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.
Axalta Coating Systems Profile
(
Free Report)
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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