Sagefield Capital LP Acquires 6,791 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Sagefield Capital LP lifted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 24.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,963 shares of the specialty chemicals company’s stock after buying an additional 6,791 shares during the period. Sagefield Capital LP’s holdings in Axalta Coating Systems were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in AXTA. Vanguard Group Inc. lifted its position in shares of Axalta Coating Systems by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock valued at $817,230,000 after acquiring an additional 554,806 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Axalta Coating Systems by 0.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company’s stock worth $512,890,000 after purchasing an additional 137,209 shares during the period. Victory Capital Management Inc. grew its stake in Axalta Coating Systems by 5.6% during the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after buying an additional 550,970 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Axalta Coating Systems by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock valued at $128,852,000 after buying an additional 302,752 shares during the period. Finally, Locust Wood Capital Advisers LLC raised its position in shares of Axalta Coating Systems by 63.8% in the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,198,290 shares of the specialty chemicals company’s stock valued at $109,989,000 after buying an additional 1,245,223 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AXTA. Wells Fargo & Company raised shares of Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 11th. Royal Bank of Canada boosted their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Robert W. Baird raised their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Barclays boosted their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, KeyCorp raised their price target on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Axalta Coating Systems has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Axalta Coating Systems Stock Up 0.7 %

NYSE:AXTA opened at $36.32 on Tuesday. Axalta Coating Systems Ltd. has a one year low of $25.03 and a one year high of $37.49. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.70. The company has a market cap of $8.01 billion, a PE ratio of 32.72, a P/E/G ratio of 0.81 and a beta of 1.44. The firm’s 50 day simple moving average is $35.09 and its 200 day simple moving average is $34.47.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. Axalta Coating Systems’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.07 earnings per share for the current 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.