Regents Gate Capital LLP Invests $2.73 Million in Axalta Coating Systems Ltd. (NYSE:AXTA)

Regents Gate Capital LLP purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 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 holdings, making the stock its 29th biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. lifted its stake in shares of Axalta Coating Systems by 11,757.1% in the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 823 shares in the last quarter. Golden State Wealth Management LLC lifted its stake 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 in the last quarter. Jones Financial Companies Lllp lifted its stake 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 in the last quarter. UMB Bank n.a. boosted its position in shares of Axalta Coating Systems by 31.1% during 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 grew its holdings in Axalta Coating Systems by 54.7% during the fourth quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock worth $112,000 after buying an additional 1,156 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on AXTA shares. Morgan Stanley decreased 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 note on Thursday, May 8th. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $42.00 to $32.00 in a research report on Thursday, May 8th. Barclays cut their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, May 15th. Finally, Mizuho set a $37.00 price objective on Axalta Coating Systems in a research report on Tuesday, April 15th. Five investment 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 company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.60.

Axalta Coating Systems Price Performance

AXTA traded down $0.02 during trading on Thursday, reaching $30.94. The stock had a trading volume of 1,826,594 shares, compared to its average volume of 2,097,168. The stock has a market cap of $6.76 billion, a PE ratio of 15.09, a PEG ratio of 0.87 and a beta of 1.25. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.53 and a current ratio of 2.12. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.66. The business has a 50-day moving average of $30.93 and a 200-day moving average of $33.16.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. Axalta Coating Systems had a return on equity of 26.30% and a net margin of 8.56%. The firm's revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal 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.