Two Sigma Advisers LP Cuts Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Two Sigma Advisers LP decreased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 27.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 575,600 shares of the specialty chemicals company's stock after selling 218,300 shares during the quarter. Two Sigma Advisers LP owned about 0.26% of Axalta Coating Systems worth $19,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jones Financial Companies Lllp increased 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 worth $45,000 after purchasing an additional 498 shares during the period. UMB Bank n.a. raised its stake in Axalta Coating Systems by 35.4% during the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 547 shares during the last quarter. Plato Investment Management Ltd grew its position in shares of Axalta Coating Systems by 156.4% during 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 boosted its holdings in Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after buying an additional 617 shares during the period. Finally, Headlands Technologies LLC lifted its stake in 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 worth $112,000 after purchasing an additional 1,156 shares in the last quarter. Institutional investors own 98.28% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on AXTA. The Goldman Sachs Group dropped their target price on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their price objective on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Citigroup cut 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 report on Tuesday, April 8th. Mizuho set a $37.00 price target on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. Finally, Barclays lowered their price target on shares of 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. Six 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.38.

Axalta Coating Systems Stock Up 2.7%

Shares of Axalta Coating Systems stock traded up $0.84 during trading hours on Tuesday, hitting $31.78. The company had a trading volume of 628,660 shares, compared to its average volume of 2,206,859. The company's 50-day moving average is $31.97 and its two-hundred day moving average is $35.11. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.65. 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 $6.95 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35.

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. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

About Axalta Coating Systems

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.