Erste Asset Management GmbH Takes $550,000 Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Erste Asset Management GmbH bought a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,000 shares of the specialty chemicals company's stock, valued at approximately $550,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AXTA. Victory Capital Management Inc. increased its stake in shares of Axalta Coating Systems by 9.6% in 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 acquiring an additional 988,397 shares during the period. PointState Capital LP purchased a new stake in Axalta Coating Systems in the third quarter valued at $30,257,000. Jupiter Asset Management Ltd. grew its position in Axalta Coating Systems by 35.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company's stock worth $55,452,000 after purchasing an additional 423,883 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Axalta Coating Systems by 151.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 633,017 shares of the specialty chemicals company's stock valued at $22,909,000 after buying an additional 381,488 shares during the last quarter. Finally, Atom Investors LP lifted its holdings in shares of Axalta Coating Systems by 198.6% in the 3rd quarter. Atom Investors LP now owns 380,616 shares of the specialty chemicals company's stock valued at $13,774,000 after buying an additional 253,142 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

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Axalta Coating Systems Price Performance

Shares of NYSE AXTA traded up $0.05 during midday trading on Wednesday, hitting $34.44. The stock had a trading volume of 1,695,641 shares, compared to its average volume of 1,940,211. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The stock has a 50 day simple moving average of $35.98 and a 200-day simple moving average of $36.64. The company has a market capitalization of $7.51 billion, a PE ratio of 19.35, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 1 year low of $30.41 and a 1 year high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm posted $0.43 EPS. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AXTA. Deutsche Bank Aktiengesellschaft decreased their price target on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, December 19th. StockNews.com cut shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target on the stock in a research report on Friday, January 17th. Citigroup cut shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and cut their price objective for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Finally, Barclays raised their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.08.

Insider Buying and Selling

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

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.