Polar Asset Management Partners Inc. Has $3.56 Million Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Polar Asset Management Partners Inc. grew its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 24.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 103,938 shares of the specialty chemicals company's stock after purchasing an additional 20,738 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Axalta Coating Systems were worth $3,557,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Axalta Coating Systems by 57.8% during the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock valued at $12,183,000 after buying an additional 130,427 shares in the last quarter. Principal Securities Inc. increased its stake in Axalta Coating Systems by 5.5% during the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock valued at $218,000 after acquiring an additional 332 shares during the period. Barclays PLC increased its stake in Axalta Coating Systems by 50.4% during the third quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock valued at $5,589,000 after acquiring an additional 51,748 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Axalta Coating Systems by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock valued at $49,031,000 after purchasing an additional 9,572 shares during the period. Finally, ING Groep NV bought a new stake in shares of Axalta Coating Systems in the 4th quarter valued at approximately $6,160,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AXTA has been the topic of several research reports. Wells Fargo & Company upped their price objective on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley reduced their price objective on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut Axalta Coating Systems from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $42.00 to $32.00 in a research report on Thursday, May 8th. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Thursday, April 10th. Finally, Mizuho set a $37.00 price objective on Axalta Coating Systems in a research report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.38.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock traded down $0.25 during mid-day trading on Wednesday, reaching $31.60. 539,566 shares of the company were exchanged, compared to its average volume of 2,021,284. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The company has a fifty day simple moving average of $32.24 and a 200-day simple moving average of $35.36. 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 firm has a market cap of $6.91 billion, a PE ratio of 17.76, a PEG ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. Axalta Coating Systems's quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. As a group, 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.