Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 14.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,599 shares of the specialty chemicals company’s stock after acquiring an additional 444 shares during the quarter. Signaturefd LLC’s holdings in Axalta Coating Systems were worth $130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AXTA. Plato Investment Management Ltd acquired a new position in shares of Axalta Coating Systems in the 2nd quarter valued at about $30,000. GAMMA Investing LLC increased its stake in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 747 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Axalta Coating Systems by 90.2% in the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 733 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Axalta Coating Systems in the 2nd quarter valued at about $71,000. Finally, Quarry LP purchased a new position in shares of Axalta Coating Systems in the 2nd quarter valued at about $73,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $35.58 on Tuesday. Axalta Coating Systems Ltd. has a fifty-two week low of $25.49 and a fifty-two week high of $37.78. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. The firm has a 50-day simple moving average of $35.77 and a 200-day simple moving average of $34.94. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.70 and a current ratio of 2.26.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of several research reports. UBS Group cut their price objective on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Robert W. Baird boosted their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price target on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada upped their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays upped their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

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.