Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Purchased by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its stake in Axalta Coating Systems by 139.4%, owning 114,873 shares worth approximately $3.81 million as of the latest reporting period.
• A majority of shares, 98.28%, of Axalta Coating Systems are currently held by institutional investors and hedge funds.
• Analysts have mixed ratings on Axalta, with a consensus of "Moderate Buy" and a price target of $37.71, indicating potential upside from its current pricing.

New Age Alpha Advisors LLC boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 139.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,873 shares of the specialty chemicals company's stock after buying an additional 66,892 shares during the period. New Age Alpha Advisors LLC owned approximately 0.05% of Axalta Coating Systems worth $3,810,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. grew its position in 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 buying an additional 823 shares during the last quarter. Golden State Wealth Management LLC grew its position in Axalta Coating Systems by 105.9% in the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 488 shares during the last quarter. UMB Bank n.a. grew its position in Axalta Coating Systems by 31.1% in the 1st quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock valued at $91,000 after buying an additional 651 shares during the last quarter. Fifth Third Bancorp grew its position in 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. Finally, Quarry LP boosted its position in shares of Axalta Coating Systems by 397.4% during the 4th quarter. Quarry LP now owns 4,676 shares of the specialty chemicals company's stock worth $160,000 after purchasing an additional 3,736 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AXTA shares. BMO Capital Markets lowered shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $51.00 to $33.00 in a research report on Wednesday, July 16th. Morgan Stanley decreased their target price on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Citigroup restated a "neutral" rating and set a $34.00 target price (down from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Mizuho decreased their target price on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lowered shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $42.00 to $32.00 in a research report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $37.71.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA traded down $0.09 during midday trading on Friday, hitting $28.38. 1,811,626 shares of the stock were exchanged, compared to its average volume of 3,294,491. The stock has a market cap of $6.15 billion, a P/E ratio of 13.91, a PEG ratio of 1.36 and a beta of 1.27. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47. Axalta Coating Systems Ltd. has a twelve month low of $27.58 and a twelve month high of $41.65. The company has a 50 day moving average price of $29.79 and a 200-day moving average price of $32.35.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $0.57 EPS. The business's revenue was down 3.4% on a year-over-year basis. On average, research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

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.