Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought 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 raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 139.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,873 shares of the specialty chemicals company's stock after purchasing an additional 66,892 shares during the period. New Age Alpha Advisors LLC owned 0.05% of Axalta Coating Systems worth $3,810,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blueshift Asset Management LLC increased its position in shares of Axalta Coating Systems by 52.3% in the 1st quarter. Blueshift Asset Management LLC now owns 18,439 shares of the specialty chemicals company's stock valued at $612,000 after acquiring an additional 6,330 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of Axalta Coating Systems in the 1st quarter valued at $219,000. US Bancorp DE increased its position in shares of Axalta Coating Systems by 46.8% in the 1st quarter. US Bancorp DE now owns 7,005 shares of the specialty chemicals company's stock valued at $232,000 after acquiring an additional 2,233 shares during the period. 12th Street Asset Management Company LLC boosted its holdings in Axalta Coating Systems by 1.4% in the first quarter. 12th Street Asset Management Company LLC now owns 241,781 shares of the specialty chemicals company's stock valued at $8,020,000 after purchasing an additional 3,454 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Axalta Coating Systems in the first quarter valued at $448,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on AXTA. Barclays lowered their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a report on Thursday, April 10th. Royal Bank Of Canada lowered their price target on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. 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 report on Tuesday, July 1st. Finally, The Goldman Sachs Group lowered their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Seven research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $37.71.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock traded down $0.09 during midday trading on Friday, reaching $28.38. The company had a trading volume of 1,811,626 shares, compared to its average volume of 3,294,491. The company has a market capitalization of $6.15 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.36 and a beta of 1.27. Axalta Coating Systems Ltd. has a 12-month low of $27.58 and a 12-month high of $41.65. The firm's fifty day simple moving average is $29.79 and its 200-day simple moving average is $32.38. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Axalta Coating Systems had a net margin of 8.58% and a return on equity of 25.32%. Axalta Coating Systems's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current 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.