Axalta Coating Systems Ltd. (NYSE:AXTA) Position Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,055 shares of the specialty chemicals company's stock after acquiring an additional 28,603 shares during the quarter. Quantinno Capital Management LP owned 0.09% of Axalta Coating Systems worth $6,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Nomura Holdings Inc. purchased a new stake in Axalta Coating Systems during the fourth quarter worth approximately $990,000. Millennium Management LLC grew its position in Axalta Coating Systems by 11.1% in the fourth quarter. Millennium Management LLC now owns 1,633,660 shares of the specialty chemicals company's stock valued at $55,904,000 after acquiring an additional 163,543 shares in the last quarter. LMR Partners LLP lifted its position in shares of Axalta Coating Systems by 60.3% during the fourth quarter. LMR Partners LLP now owns 15,983 shares of the specialty chemicals company's stock worth $547,000 after purchasing an additional 6,012 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of Axalta Coating Systems by 25.7% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,757 shares of the specialty chemicals company's stock valued at $676,000 after purchasing an additional 4,042 shares during the period. Finally, Interval Partners LP grew its holdings in Axalta Coating Systems by 20.1% during the 4th quarter. Interval Partners LP now owns 2,461,936 shares of the specialty chemicals company's stock valued at $84,247,000 after purchasing an additional 411,886 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA traded up $0.41 on Thursday, hitting $31.70. The company's stock had a trading volume of 977,422 shares, compared to its average volume of 2,021,854. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The stock's 50-day moving average is $32.18 and its two-hundred day moving average is $35.33.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data 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. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the firm posted $0.48 earnings per share. The business's revenue was down 2.5% on a year-over-year basis. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the topic of a number of analyst reports. Morgan Stanley dropped their target price on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price for the company in a research report on Thursday, April 10th. Mizuho set a $37.00 target price on Axalta Coating Systems in a research report on Tuesday, April 15th. Wells Fargo & Company raised their price objective on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Finally, Citigroup lowered their target price on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.

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.