Qsemble Capital Management LP Buys New Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Qsemble Capital Management LP bought 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 SEC. The firm bought 41,338 shares of the specialty chemicals company's stock, valued at approximately $1,496,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in Axalta Coating Systems by 35.2% in the third 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. Signaturefd LLC lifted its position in Axalta Coating Systems by 14.1% during the 3rd quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company's stock worth $130,000 after buying an additional 444 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Axalta Coating Systems by 0.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company's stock worth $3,778,000 after buying an additional 453 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Axalta Coating Systems by 30.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company's stock worth $71,000 after acquiring an additional 455 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its position in Axalta Coating Systems by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company's stock valued at $404,000 after acquiring an additional 473 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AXTA shares. Royal Bank of Canada increased their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. KeyCorp increased their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Robert W. Baird boosted their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Barclays upped their price target 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. Finally, Mizuho lifted their price objective on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $42.45.

Axalta Coating Systems Trading Down 1.5 %

Shares of Axalta Coating Systems stock traded down $0.62 during trading on Tuesday, hitting $40.67. 1,980,096 shares of the company were exchanged, compared to its average volume of 2,017,373. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The firm has a market capitalization of $8.87 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The firm's fifty day moving average price is $37.52 and its 200 day moving average price is $35.88. Axalta Coating Systems Ltd. has a 1-year low of $30.40 and a 1-year high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data 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 during 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 business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 earnings per share. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

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.