Blueshift Asset Management LLC Invests $602,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

Blueshift Asset Management LLC bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,639 shares of the specialty chemicals company’s stock, valued at approximately $602,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new position in shares of Axalta Coating Systems in the second quarter worth $30,000. First Horizon Advisors Inc. grew its position in 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 valued at $37,000 after buying an additional 266 shares in the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 747 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Axalta Coating Systems during the 3rd quarter worth about $54,000. Finally, UMB Bank n.a. lifted its stake in shares of Axalta Coating Systems by 90.2% in the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock worth $56,000 after acquiring an additional 733 shares during the period. Institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AXTA shares. Mizuho raised their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. lifted their price target on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Royal Bank of Canada upped their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays boosted their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Evercore ISI started coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $42.45.

Axalta Coating Systems Price Performance

AXTA stock opened at $40.52 on Thursday. The firm has a 50-day moving average of $37.61 and a two-hundred day moving average of $35.92. The firm has a market capitalization of $8.84 billion, a PE ratio of 27.38, a P/E/G ratio of 0.89 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 one year low of $30.40 and a one year high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data 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. 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 analyst estimates of $1.32 billion. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue was up .8% on a year-over-year basis. On average, analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current 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.