Stanley Capital Management LLC purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 216,600 shares of the specialty chemicals company’s stock, valued at approximately $7,412,000. Stanley Capital Management LLC owned 0.10% of Axalta Coating Systems as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AXTA. Covestor Ltd lifted its stake in shares of Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 603 shares during the period. Cedar Mountain Advisors LLC bought a new stake in Axalta Coating Systems during the first quarter valued at approximately $30,000. Summit Securities Group LLC purchased a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $32,000. Los Angeles Capital Management LLC purchased a new stake in Axalta Coating Systems during the fourth quarter valued at approximately $35,000. Finally, IFP Advisors Inc raised its position in Axalta Coating Systems by 65.9% in the fourth quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 577 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.
Axalta Coating Systems Price Performance
NYSE:AXTA opened at $36.42 on Wednesday. The business’s 50-day simple moving average is $34.82 and its two-hundred day simple moving average is $31.70. Axalta Coating Systems Ltd. has a 52 week low of $24.94 and a 52 week high of $38.61. The stock has a market cap of $7.79 billion, a PE ratio of 22.48, a P/E/G ratio of 1.78 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.53 and a debt-to-equity ratio of 0.99.
Wall Street Analysts Forecast Growth
AXTA has been the topic of several analyst reports. UBS Group reiterated a “neutral” rating on shares of Axalta Coating Systems in a research note on Wednesday, July 29th. Citigroup initiated coverage on Axalta Coating Systems in a research note on Thursday, June 4th. They issued a “buy” rating and a $44.00 price objective for the company. Wall Street Zen downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 10th. Robert W. Baird upped their price target on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Mizuho upped their price target on Axalta Coating Systems from $32.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.00.
View Our Latest Report on Axalta Coating Systems
Axalta Coating Systems Profile
Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.
Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.
See Also
- Five stocks we like better than Axalta Coating Systems
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report).
Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.
