Oak Thistle LLC Acquires 32,135 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Oak Thistle LLC lifted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 434.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 39,535 shares of the specialty chemicals company’s stock after buying an additional 32,135 shares during the period. Oak Thistle LLC’s holdings in Axalta Coating Systems were worth $1,353,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AXTA. Eagle Bay Advisors LLC boosted its position in Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 443 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of Axalta Coating Systems during the 2nd quarter worth approximately $30,000. First Horizon Advisors Inc. raised its stake in shares of Axalta Coating Systems by 35.2% during the 3rd 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. True Wealth Design LLC acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $37,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Axalta Coating Systems in the third quarter valued at $41,000. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 1.4 %

Shares of Axalta Coating Systems stock opened at $34.70 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The firm has a 50-day moving average of $37.57 and a 200-day moving average of $36.21. Axalta Coating Systems Ltd. has a 52-week low of $30.40 and a 52-week high of $41.65. The stock has a market cap of $7.57 billion, a PE ratio of 23.45, a PEG ratio of 0.83 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last posted 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. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on AXTA shares. Royal Bank of Canada upped their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Barclays lifted their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.18.

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.