1,019 Shares in Axalta Coating Systems Ltd. (NYSE:AXTA) Bought by True Wealth Design LLC

True Wealth Design LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 1,019 shares of the specialty chemicals company’s stock, valued at approximately $37,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXTA. Plato Investment Management Ltd acquired a new stake in shares of Axalta Coating Systems in the second quarter valued at about $30,000. First Horizon Advisors Inc. boosted its holdings in Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. GAMMA Investing LLC increased its position 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 purchasing an additional 747 shares during the period. Capital Performance Advisors LLP bought a new position in Axalta Coating Systems during the 3rd quarter worth approximately $54,000. Finally, UMB Bank n.a. lifted its position 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 purchasing an additional 733 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 0.2 %

Shares of Axalta Coating Systems stock opened at $40.46 on Monday. The stock has a market capitalization of $8.82 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Axalta Coating Systems Ltd. has a 52 week low of $30.40 and a 52 week high of $41.65. The stock has a 50 day moving average price of $37.77 and a two-hundred day moving average price of $35.98. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.45 EPS. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AXTA shares. Mizuho increased their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. KeyCorp increased their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays raised their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price target on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $42.45.

Axalta Coating Systems Company 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.