Twinbeech Capital LP boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 91.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,682 shares of the specialty chemicals company's stock after buying an additional 60,021 shares during the quarter. Twinbeech Capital LP owned approximately 0.06% of Axalta Coating Systems worth $4,301,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of AXTA. Jones Financial Companies Lllp grew its stake in 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 purchasing an additional 498 shares in the last quarter. UMB Bank n.a. raised its position in Axalta Coating Systems by 35.4% during the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock worth $72,000 after acquiring an additional 547 shares in the last quarter. Plato Investment Management Ltd grew its position in shares of Axalta Coating Systems by 156.4% in the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock valued at $77,000 after acquiring an additional 1,365 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Axalta Coating Systems by 31.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after purchasing an additional 617 shares during the last quarter. Finally, Headlands Technologies LLC increased its stake in shares of Axalta Coating Systems by 54.7% during the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock worth $112,000 after purchasing an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on AXTA. JPMorgan Chase & Co. downgraded Axalta Coating Systems from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $42.00 to $32.00 in a research report on Thursday, May 8th. Morgan Stanley reduced their target price 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. Mizuho set a $37.00 price target on Axalta Coating Systems in a research note on Tuesday, April 15th. Barclays cut their price target 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. Finally, 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. Six 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.38.
View Our Latest Stock Analysis on AXTA
Axalta Coating Systems Price Performance
Shares of NYSE AXTA traded down $0.63 during mid-day trading on Monday, hitting $30.94. 2,108,841 shares of the stock traded hands, compared to its average volume of 2,030,851. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66. The firm has a 50 day simple moving average of $32.04 and a two-hundred day simple moving average of $35.17. 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 $6.76 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion during 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 company's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
