Machina Capital S.A.S. Buys New Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Machina Capital S.A.S. bought a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,450 shares of the specialty chemicals company’s stock, valued at approximately $219,000.

A number of other hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of Axalta Coating Systems by 1,856.6% during the fourth quarter. Victory Capital Management Inc. now owns 5,866,601 shares of the specialty chemicals company’s stock valued at $199,288,000 after purchasing an additional 5,566,757 shares during the last quarter. Kinetic Partners Management LP bought a new stake in Axalta Coating Systems in the 3rd quarter worth approximately $40,603,000. JPMorgan Chase & Co. lifted its holdings in shares of Axalta Coating Systems by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock valued at $362,366,000 after buying an additional 1,415,723 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Axalta Coating Systems by 485.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,584,488 shares of the specialty chemicals company’s stock valued at $42,623,000 after buying an additional 1,313,625 shares during the period. Finally, 59 North Capital Management LP purchased a new position in shares of Axalta Coating Systems in the 3rd quarter worth $32,390,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Up 2.0 %

Shares of AXTA stock traded up $0.70 during mid-day trading on Tuesday, hitting $36.18. The stock had a trading volume of 2,908,438 shares, compared to its average volume of 2,154,987. Axalta Coating Systems Ltd. has a 12-month low of $25.03 and a 12-month high of $36.22. The firm has a market capitalization of $7.98 billion, a P/E ratio of 31.96, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. The firm’s 50-day moving average is $32.90 and its two-hundred day moving average is $32.02. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 1.51.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. On average, analysts predict that Axalta Coating Systems Ltd. will post 1.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AXTA. Royal Bank of Canada upped their price objective on Axalta Coating Systems from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup increased their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. KeyCorp boosted their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Robert W. Baird upped their target price on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.

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.