Profund Advisors LLC Makes New $235,000 Investment in Axalta Coating Systems Ltd. (NYSE:AXTA)

Profund Advisors LLC purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,764 shares of the specialty chemicals company’s stock, valued at approximately $235,000.

A number of other institutional investors also recently modified their holdings of AXTA. Millennium Management LLC lifted its holdings in shares of Axalta Coating Systems by 5,915.6% in the fourth quarter. Millennium Management LLC now owns 5,193,950 shares of the specialty chemicals company’s stock valued at $132,290,000 after purchasing an additional 5,107,608 shares in the last quarter. FIL Ltd increased its position in shares of Axalta Coating Systems by 438.8% in the first quarter. FIL Ltd now owns 3,736,773 shares of the specialty chemicals company’s stock valued at $113,187,000 after acquiring an additional 3,043,178 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Axalta Coating Systems by 32.9% in the fourth quarter. JPMorgan Chase & Co. now owns 11,883,465 shares of the specialty chemicals company’s stock valued at $302,672,000 after acquiring an additional 2,944,248 shares during the last quarter. FMR LLC increased its position in shares of Axalta Coating Systems by 31.6% in the first quarter. FMR LLC now owns 9,816,570 shares of the specialty chemicals company’s stock valued at $297,344,000 after acquiring an additional 2,358,255 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Axalta Coating Systems in the fourth quarter valued at about $53,517,000. 98.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AXTA has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Axalta Coating Systems from $32.00 to $33.00 in a research report on Wednesday, July 12th. Mizuho lowered their price target on Axalta Coating Systems from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. Credit Suisse Group boosted their price target on Axalta Coating Systems from $29.00 to $31.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 2nd. Morgan Stanley reissued an “equal weight” rating and set a $32.00 price target on shares of Axalta Coating Systems in a research report on Friday, August 4th. Finally, Royal Bank of Canada lowered their price target on Axalta Coating Systems from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $33.24.

Axalta Coating Systems Trading Up 0.9 %

Shares of AXTA stock opened at $27.42 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.45 and a debt-to-equity ratio of 2.09. The stock has a market cap of $6.08 billion, a P/E ratio of 26.88, a price-to-earnings-growth ratio of 1.69 and a beta of 1.46. The stock has a 50 day simple moving average of $30.20 and a 200 day simple moving average of $30.36. Axalta Coating Systems Ltd. has a 1 year low of $20.66 and a 1 year high of $33.68.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, August 2nd. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.34 billion. Axalta Coating Systems had a net margin of 4.50% and a return on equity of 21.28%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. On average, research analysts predict that Axalta Coating Systems Ltd. will post 1.46 earnings per share for the current fiscal year.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, CEO Chris Villavarayan bought 33,710 shares of the business’s stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $29.67 per share, for a total transaction of $1,000,175.70. Following the completion of the purchase, the chief executive officer now directly owns 68,150 shares of the company’s stock, valued at $2,022,010.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Axalta Coating Systems news, CEO Chris Villavarayan bought 33,710 shares of the business’s stock in a transaction on Friday, August 4th. The stock was purchased at an average cost of $29.67 per share, for a total transaction of $1,000,175.70. Following the completion of the purchase, the chief executive officer now directly owns 68,150 shares of the company’s stock, valued at $2,022,010.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jacqueline Scanlan sold 17,008 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $29.48, for a total value of $501,395.84. Following the sale, the senior vice president now owns 4,001 shares of the company’s stock, valued at $117,949.48. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

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. It operates through two segments, Performance Coatings and Mobility Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.