Chesapeake Capital Corp IL Boosts Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Chesapeake Capital Corp IL increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 27.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,000 shares of the specialty chemicals company’s stock after buying an additional 4,800 shares during the period. Chesapeake Capital Corp IL’s holdings in Axalta Coating Systems were worth $820,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Plato Investment Management Ltd purchased a new position in Axalta Coating Systems during the 2nd quarter valued at about $30,000. GAMMA Investing LLC increased its position 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 during the period. Capital Performance Advisors LLP purchased a new position in Axalta Coating Systems during the 3rd quarter valued at about $54,000. UMB Bank n.a. increased its position in Axalta Coating Systems by 90.2% during the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 733 shares during the period. Finally, Versant Capital Management Inc purchased a new position in Axalta Coating Systems during the 2nd quarter valued at about $71,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 0.9 %

AXTA stock opened at $40.29 on Friday. The firm has a 50 day moving average of $36.79 and a 200 day moving average of $35.67. The stock has a market capitalization of $8.79 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a 52 week low of $30.40 and a 52 week high of $40.91.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. The company 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%. Axalta Coating Systems’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. Sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on AXTA shares. Evercore ISI started coverage on shares of Axalta Coating Systems in a research report on Wednesday. They set an “outperform” rating and a $47.00 target price on the stock. Barclays raised their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 1st. BMO Capital Markets raised 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. Royal Bank of Canada raised their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Robert W. Baird raised their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.