Quantinno Capital Management LP Grows Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Quantinno Capital Management LP increased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.09% of Axalta Coating Systems worth $6,709,000 as of its most recent SEC filing.

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

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock traded down $0.57 during trading on Tuesday, hitting $31.79. 1,792,020 shares of the company's stock traded hands, compared to its average volume of 2,027,086. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66. The business has a 50-day simple moving average of $32.28 and a 200-day simple moving average of $35.38. The stock has a market capitalization of $6.95 billion, a P/E ratio of 17.86, a PEG ratio of 0.92 and a beta of 1.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47.

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, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $1.29 billion for 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 firm's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.48 earnings per share. As a group, analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AXTA. The Goldman Sachs Group dropped their target price on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $42.00 to $32.00 in a research note on Thursday, May 8th. StockNews.com cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Citigroup cut their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Mizuho set a $37.00 target price on Axalta Coating Systems in a research note on Tuesday, April 15th. Six investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.38.

Axalta Coating Systems Company 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.