Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Holdings Increased by Atom Investors LP

Atom Investors LP grew its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 198.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 380,616 shares of the specialty chemicals company's stock after buying an additional 253,142 shares during the period. Axalta Coating Systems accounts for approximately 1.4% of Atom Investors LP's investment portfolio, making the stock its 3rd largest position. Atom Investors LP owned 0.17% of Axalta Coating Systems worth $13,774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AXTA. Tidal Investments LLC grew its holdings in shares of Axalta Coating Systems by 51.3% in the first quarter. Tidal Investments LLC now owns 23,311 shares of the specialty chemicals company's stock valued at $802,000 after purchasing an additional 7,901 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock worth $48,000 after acquiring an additional 747 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Axalta Coating Systems by 294.4% in the second quarter. Harbor Capital Advisors Inc. now owns 236,524 shares of the specialty chemicals company's stock valued at $8,082,000 after acquiring an additional 176,557 shares in the last quarter. CWM LLC boosted its holdings in Axalta Coating Systems by 95.4% in the second quarter. CWM LLC now owns 6,958 shares of the specialty chemicals company's stock valued at $238,000 after purchasing an additional 3,397 shares during the period. Finally, SG Americas Securities LLC grew its stake in Axalta Coating Systems by 8.2% during the 2nd quarter. SG Americas Securities LLC now owns 58,008 shares of the specialty chemicals company's stock worth $1,982,000 after purchasing an additional 4,397 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Price Performance

AXTA traded up $0.13 on Monday, hitting $40.59. 1,418,607 shares of the company were exchanged, compared to its average volume of 2,005,052. Axalta Coating Systems Ltd. has a fifty-two week low of $30.40 and a fifty-two week high of $41.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The firm has a market capitalization of $8.85 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The business's fifty day moving average is $37.77 and its 200 day moving average is $35.98.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on AXTA. Barclays lifted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Royal Bank of Canada lifted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price objective on the stock. BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Mizuho boosted their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $42.45.

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.