Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 3,005.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,855 shares of the specialty chemicals company’s stock after purchasing an additional 74,380 shares during the period. GAMMA Investing LLC’s holdings in Axalta Coating Systems were worth $2,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AXTA. Norges Bank acquired a new position in Axalta Coating Systems during the fourth quarter worth approximately $87,850,000. Fuller & Thaler Asset Management Inc. increased its position in Axalta Coating Systems by 54.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock worth $191,190,000 after purchasing an additional 1,980,296 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Axalta Coating Systems during the fourth quarter worth approximately $56,215,000. Deutsche Bank AG increased its position in Axalta Coating Systems by 144.7% during the fourth quarter. Deutsche Bank AG now owns 1,950,902 shares of the specialty chemicals company’s stock worth $66,760,000 after purchasing an additional 1,153,620 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Axalta Coating Systems by 9.6% during the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock worth $387,439,000 after purchasing an additional 988,397 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 0.3%

NYSE AXTA opened at $30.19 on Friday. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.27. The company’s fifty day moving average price is $31.41 and its two-hundred day moving average price is $34.34.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.48 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. As a group, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on AXTA. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their price objective on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, May 8th. Morgan Stanley decreased their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $32.00 in a research note on Thursday, May 8th. Finally, BNP Paribas upgraded 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 note on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.