R Squared Ltd Purchases Shares of 5,280 Axalta Coating Systems Ltd. (NYSE:AXTA)

R Squared Ltd purchased a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, HoldingsChannel reports. The fund purchased 5,280 shares of the specialty chemicals company’s stock, valued at approximately $181,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. First Horizon Advisors Inc. increased its holdings in shares of Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 266 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Axalta Coating Systems by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock worth $820,000 after acquiring an additional 323 shares in the last quarter. Eagle Bay Advisors LLC increased its stake in Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 443 shares during the last quarter. Signaturefd LLC raised its position in Axalta Coating Systems by 14.1% during the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock valued at $130,000 after purchasing an additional 444 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Axalta Coating Systems by 30.2% during the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock worth $71,000 after purchasing an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 0.5 %

AXTA opened at $37.14 on Thursday. Axalta Coating Systems Ltd. has a one year low of $30.40 and a one year high of $41.65. 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 business has a 50 day simple moving average of $36.88 and a two-hundred day simple moving average of $36.36. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 25.10, a PEG ratio of 0.74 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly 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 analyst estimates of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. Analysts predict that Axalta Coating Systems Ltd. will post 2.15 EPS for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the topic of several recent research reports. Barclays increased their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research note on Friday, January 17th. Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price on the stock. Finally, Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their price target for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.00.

About Axalta Coating Systems

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.