iSAM Funds UK Ltd Boosts Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

iSAM Funds UK Ltd increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 36.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,130 shares of the specialty chemicals company’s stock after buying an additional 2,700 shares during the quarter. iSAM Funds UK Ltd’s holdings in Axalta Coating Systems were worth $347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its stake in shares of Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 498 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 547 shares during the last quarter. Plato Investment Management Ltd grew its stake in shares of Axalta Coating Systems by 156.4% in the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock worth $77,000 after buying an additional 1,365 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 617 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of Axalta Coating Systems by 54.7% in the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company’s stock worth $112,000 after buying an additional 1,156 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 1.8%

NYSE:AXTA opened at $31.79 on Wednesday. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.66. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The business has a fifty day moving average price of $32.24 and a 200-day moving average price of $35.36.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.48 EPS. Axalta Coating Systems’s revenue for the quarter was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Mizuho set a $37.00 price objective on Axalta Coating Systems in a research report on Tuesday, April 15th. Barclays lowered their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, May 15th. BNP Paribas raised Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut Axalta Coating Systems from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $42.00 to $32.00 in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their price target on Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Axalta Coating Systems presently has an average rating of “Moderate Buy” and an average target price of $40.38.

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.