Nomura Holdings Inc. Takes Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Nomura Holdings Inc. purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 28,935 shares of the specialty chemicals company's stock, valued at approximately $990,000.

A number of other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC lifted its stake in shares of Axalta Coating Systems by 11.1% in the fourth quarter. Millennium Management LLC now owns 1,633,660 shares of the specialty chemicals company's stock worth $55,904,000 after acquiring an additional 163,543 shares during the period. LMR Partners LLP lifted its stake in shares of Axalta Coating Systems by 60.3% in the fourth quarter. LMR Partners LLP now owns 15,983 shares of the specialty chemicals company's stock worth $547,000 after acquiring an additional 6,012 shares during the period. Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Axalta Coating Systems by 25.7% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,757 shares of the specialty chemicals company's stock worth $676,000 after acquiring an additional 4,042 shares during the period. Interval Partners LP lifted its stake in shares of Axalta Coating Systems by 20.1% in the fourth quarter. Interval Partners LP now owns 2,461,936 shares of the specialty chemicals company's stock worth $84,247,000 after acquiring an additional 411,886 shares during the period. Finally, Janus Henderson Group PLC lifted its stake in shares of Axalta Coating Systems by 200.2% in the fourth quarter. Janus Henderson Group PLC now owns 481,737 shares of the specialty chemicals company's stock worth $16,483,000 after acquiring an additional 321,279 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

AXTA opened at $32.65 on Monday. 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 market capitalization of $7.14 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 0.92 and a beta of 1.35. The firm's fifty day moving average price is $32.31 and its two-hundred day moving average price is $35.42. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. As a group, analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Thursday, April 10th. Morgan Stanley dropped their price target on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Barclays dropped their price target on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday. StockNews.com lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Wells Fargo & Company boosted their price target on Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $40.38.

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.

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