Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 40.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 708,598 shares of the specialty chemicals company's stock after selling 490,364 shares during the period. Two Sigma Investments LP owned approximately 0.32% of Axalta Coating Systems worth $24,248,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AXTA. Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 498 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after purchasing an additional 547 shares in the last quarter. Plato Investment Management Ltd increased its holdings 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 purchasing an additional 1,365 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of 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 valued at $88,000 after purchasing an additional 617 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings 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 purchasing an additional 1,156 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Thursday, April 10th. Citigroup cut their price target 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. Barclays cut their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Morgan Stanley dropped their target price on shares of 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. Finally, Wells Fargo & Company raised their target price 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. 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. According to data from MarketBeat, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and an average target price of $40.38.

Axalta Coating Systems Trading Up 2.5%

Shares of NYSE AXTA traded up $0.78 during midday trading on Tuesday, reaching $31.72. 437,750 shares of the stock were exchanged, compared to its average volume of 2,205,207. The company has a market capitalization of $6.93 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a 52-week low of $27.70 and a 52-week high of $41.65. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The stock has a 50 day moving average price of $31.97 and a 200-day moving average price of $35.11.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping 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 quarterly revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. Equities research analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.