Regents Gate Capital LLP Acquires New Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Regents Gate Capital LLP acquired a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 82,367 shares of the specialty chemicals company's stock, valued at approximately $2,732,000. Axalta Coating Systems comprises approximately 1.2% of Regents Gate Capital LLP's investment portfolio, making the stock its 29th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. raised 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 valued at $28,000 after acquiring an additional 823 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of 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 in the last quarter. Jones Financial Companies Lllp increased its position in shares of Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 498 shares in the last quarter. UMB Bank n.a. increased its position in shares of 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 in the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Axalta Coating Systems by 54.7% in the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock valued at $112,000 after buying an additional 1,156 shares in the last quarter. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Down 1.4%

Shares of Axalta Coating Systems stock traded down $0.42 during trading hours on Friday, reaching $30.52. 1,375,766 shares of the company's stock were exchanged, compared to its average volume of 2,094,294. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66. The stock has a market cap of $6.67 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.87 and a beta of 1.25. The company has a 50 day moving average of $30.93 and a two-hundred day moving average of $33.16. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.60.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business posted $0.48 EPS. Axalta Coating Systems's revenue was down 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AXTA shares. Morgan Stanley lowered their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $42.00 to $32.00 in a research report on Thursday, May 8th. 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. Wells Fargo & Company reduced their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Finally, Barclays lowered their target price on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.60.

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.