Axalta Coating Systems Ltd. (NYSE:AXTA) is Interval Partners LP’s 10th Largest Position

Interval Partners LP boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 20.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,461,936 shares of the specialty chemicals company’s stock after acquiring an additional 411,886 shares during the period. Axalta Coating Systems makes up about 1.7% of Interval Partners LP’s portfolio, making the stock its 10th largest holding. Interval Partners LP’s holdings in Axalta Coating Systems were worth $84,247,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in shares of Axalta Coating Systems by 9.6% in the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock valued at $387,439,000 after buying an additional 988,397 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Axalta Coating Systems by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company’s stock valued at $386,032,000 after purchasing an additional 50,520 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Axalta Coating Systems by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company’s stock worth $225,789,000 after purchasing an additional 82,200 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in Axalta Coating Systems by 54.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock worth $191,190,000 after buying an additional 1,980,296 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Axalta Coating Systems by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company’s stock valued at $132,568,000 after buying an additional 93,298 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $31.08 on Friday. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.92 and a beta of 1.35. The firm’s 50-day moving average price is $32.50 and its two-hundred day moving average price is $35.55. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. On average, equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AXTA shares. JPMorgan Chase & Co. downgraded Axalta Coating Systems from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $32.00 in a research note on Thursday. StockNews.com lowered shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Thursday. BNP Paribas upgraded shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Thursday, April 10th. Wells Fargo & Company raised their target price on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Citigroup cut their target price on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Six research 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. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

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.