Polymer Capital Management US LLC Makes New $5.93 Million Investment in Axalta Coating Systems Ltd. (NYSE:AXTA)

Polymer Capital Management US LLC bought a new position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 173,397 shares of the specialty chemicals company's stock, valued at approximately $5,934,000. Axalta Coating Systems comprises 1.6% of Polymer Capital Management US LLC's holdings, making the stock its 11th biggest position. Polymer Capital Management US LLC owned approximately 0.08% of Axalta Coating Systems as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. lifted its holdings in shares of Axalta Coating Systems by 11.5% in the fourth quarter. Federated Hermes Inc. now owns 1,014,166 shares of the specialty chemicals company's stock worth $34,683,000 after buying an additional 104,533 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Axalta Coating Systems in the 4th quarter valued at $425,000. Envestnet Asset Management Inc. grew its position in shares of Axalta Coating Systems by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 442,412 shares of the specialty chemicals company's stock valued at $15,139,000 after purchasing an additional 10,802 shares in the last quarter. Cullen Capital Management LLC increased its stake in Axalta Coating Systems by 2.6% in the 4th quarter. Cullen Capital Management LLC now owns 100,836 shares of the specialty chemicals company's stock worth $3,451,000 after acquiring an additional 2,583 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Axalta Coating Systems by 8.0% in the fourth quarter. Wells Fargo & Company MN now owns 265,270 shares of the specialty chemicals company's stock worth $9,078,000 after purchasing an additional 19,692 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Up 1.4 %

Shares of NYSE AXTA traded up $0.42 on Friday, reaching $30.64. 2,138,515 shares of the company's stock traded hands, compared to its average volume of 2,044,639. 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 business's 50 day simple moving average is $34.48 and its two-hundred day simple moving average is $36.17. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.43 EPS. Axalta Coating Systems's revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AXTA. Barclays raised their price target 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. KeyCorp reissued a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Thursday. Citigroup reduced their price target on Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.64.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company's stock.

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.