Aigen Investment Management LP Invests $724,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

Aigen Investment Management LP purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,999 shares of the specialty chemicals company's stock, valued at approximately $724,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC grew its position in shares of Axalta Coating Systems by 30.2% in the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company's stock valued at $71,000 after purchasing an additional 455 shares during the last quarter. River Global Investors LLP increased its position in Axalta Coating Systems by 3.9% during the third quarter. River Global Investors LLP now owns 52,138 shares of the specialty chemicals company's stock worth $1,887,000 after buying an additional 1,958 shares in the last quarter. Atria Investments Inc raised its holdings in shares of Axalta Coating Systems by 19.8% in the third quarter. Atria Investments Inc now owns 27,527 shares of the specialty chemicals company's stock worth $996,000 after acquiring an additional 4,542 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Axalta Coating Systems by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company's stock worth $404,000 after purchasing an additional 473 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Axalta Coating Systems in the third quarter valued at approximately $54,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Up 0.4 %

Shares of AXTA traded up $0.16 on Thursday, reaching $40.76. 1,305,547 shares of the company's stock were exchanged, compared to its average volume of 2,023,802. The business has a 50 day moving average price of $36.56 and a two-hundred day moving average price of $35.54. The stock has a market capitalization of $8.89 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 0.85 and a beta of 1.43. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $40.91.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. The business's revenue was up .8% on a year-over-year basis. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the topic of several recent research reports. KeyCorp lifted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. BMO Capital Markets raised their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. Mizuho upped their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, Evercore ISI initiated coverage on shares of Axalta Coating Systems in a research report on Wednesday. They set an "outperform" rating and a $47.00 price target for the company. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of "Moderate Buy" and a consensus target price of $42.45.

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.