Aigen Investment Management LP Takes $724,000 Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Aigen Investment Management LP purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,999 shares of the specialty chemicals company’s stock, valued at approximately $724,000.

A number of other large investors have also made changes to their positions in AXTA. Plato Investment Management Ltd acquired a new position in Axalta Coating Systems in the second quarter valued at approximately $30,000. GAMMA Investing LLC lifted its holdings in Axalta Coating Systems by 111.5% in the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 747 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Axalta Coating Systems in the third quarter valued at approximately $54,000. UMB Bank n.a. lifted its holdings in Axalta Coating Systems by 90.2% in the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 733 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in Axalta Coating Systems in the second quarter valued at approximately $71,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AXTA has been the topic of a number of research reports. Evercore ISI initiated coverage on Axalta Coating Systems in a research note on Wednesday. They set an “outperform” rating and a $47.00 price target on the stock. BMO Capital Markets upped their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday. KeyCorp upped their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Mizuho upped their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.45.

Axalta Coating Systems Stock Up 2.5 %

Shares of NYSE AXTA opened at $40.60 on Thursday. The stock has a market cap of $8.85 billion, a P/E ratio of 27.43, a PEG ratio of 0.85 and a beta of 1.43. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a 12-month low of $30.40 and a 12-month high of $40.76. The business’s fifty day simple moving average is $36.46 and its 200-day simple moving average is $35.51.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $1.32 billion for 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%. Axalta Coating Systems’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 earnings per share. As a group, equities analysts predict that Axalta Coating Systems Ltd. will post 2.16 EPS for the current fiscal year.

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.