Polar Asset Management Partners Inc. increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 24.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,938 shares of the specialty chemicals company's stock after purchasing an additional 20,738 shares during the period. Polar Asset Management Partners Inc.'s holdings in Axalta Coating Systems were worth $3,557,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Axalta Coating Systems by 57.8% in the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock worth $12,183,000 after purchasing an additional 130,427 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of Axalta Coating Systems by 5.5% during the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock worth $218,000 after buying an additional 332 shares during the last quarter. Barclays PLC grew its holdings in shares of Axalta Coating Systems by 50.4% in the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock valued at $5,589,000 after acquiring an additional 51,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Axalta Coating Systems by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock valued at $49,031,000 after acquiring an additional 9,572 shares during the last quarter. Finally, ING Groep NV bought a new stake in Axalta Coating Systems during the fourth quarter worth about $6,160,000. Institutional investors own 98.28% of the company's stock.
Axalta Coating Systems Stock Performance
NYSE AXTA traded down $0.43 on Friday, reaching $30.78. The stock had a trading volume of 2,278,173 shares, compared to its average volume of 2,044,679. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year 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 market cap of $6.73 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The firm has a fifty day moving average of $31.73 and a two-hundred day moving average of $34.89.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. On average, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on AXTA shares. Morgan Stanley decreased their price target 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. Barclays decreased their target price on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Wall Street Zen lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Citigroup decreased their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, BNP Paribas upgraded shares of 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. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.38.
Get Our Latest Report on Axalta Coating Systems
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.
See Also
Before you consider Axalta Coating Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axalta Coating Systems wasn't on the list.
While Axalta Coating Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
