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

Regents Gate Capital LLP bought a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 82,367 shares of the specialty chemicals company's stock, valued at approximately $2,732,000. Axalta Coating Systems accounts for 1.2% of Regents Gate Capital LLP's investment portfolio, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in shares of Axalta Coating Systems by 11,757.1% during the first 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 period. Golden State Wealth Management LLC raised its holdings in shares of Axalta Coating Systems by 105.9% in the first 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. Jones Financial Companies Lllp raised its holdings in shares of Axalta Coating Systems by 60.7% in the fourth 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 during the last quarter. UMB Bank n.a. raised its holdings in shares of Axalta Coating Systems by 31.1% in the first 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. Finally, Headlands Technologies LLC raised its holdings in shares of Axalta Coating Systems by 54.7% in the fourth 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 during the last quarter. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Trading Down 1.4%

Shares of NYSE:AXTA traded down $0.42 during mid-day trading on Friday, reaching $30.52. The stock had a trading volume of 1,375,766 shares, compared to its average volume of 2,096,330. The firm has a 50 day simple moving average of $30.88 and a two-hundred day simple moving average of $33.13. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66. The firm has a market cap of $6.67 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.86 and a beta of 1.25. 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 posted its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping 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 company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $0.48 earnings per share. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. On average, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AXTA. Morgan Stanley cut their price target on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. Mizuho set a $37.00 price target on Axalta Coating Systems in a report on Tuesday, April 15th. Wall Street Zen cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. cut Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price target for the company from $42.00 to $32.00 in a report on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Five research 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.