Blueshift Asset Management LLC Invests $602,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

Blueshift Asset Management LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,639 shares of the specialty chemicals company's stock, valued at approximately $602,000.

Other hedge funds also recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new stake in shares of Axalta Coating Systems during the second quarter worth about $30,000. First Horizon Advisors Inc. boosted its stake in Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. GAMMA Investing LLC increased its stake in Axalta Coating Systems by 111.5% during 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. Capital Performance Advisors LLP purchased a new position in shares of Axalta Coating Systems in the third quarter worth $54,000. Finally, UMB Bank n.a. lifted its stake in shares of Axalta Coating Systems by 90.2% during the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company's stock worth $56,000 after buying an additional 733 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

AXTA traded down $0.14 during trading on Thursday, hitting $40.53. The company's stock had a trading volume of 1,027,744 shares, compared to its average volume of 2,013,070. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 0.89 and a beta of 1.43. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The business's fifty day simple moving average is $37.68 and its 200 day simple moving average is $35.95. 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AXTA. JPMorgan Chase & Co. upped their target price 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. KeyCorp increased their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their target price on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets upped their price target 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, Robert W. Baird lifted their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $42.45.

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. The company operates through two segments, Performance Coatings and Mobility Coatings.