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

Blueshift Asset Management LLC acquired a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the third quarter, Holdings Channel.com reports. The fund acquired 16,639 shares of the specialty chemicals company’s stock, valued at approximately $602,000.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Signaturefd LLC raised its position in Axalta Coating Systems by 14.1% during the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock valued at $130,000 after acquiring an additional 444 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Axalta Coating Systems by 0.4% during the second quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock valued at $3,778,000 after acquiring an additional 453 shares in the last quarter. Venturi Wealth Management LLC grew its position in Axalta Coating Systems by 30.2% in the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock worth $71,000 after acquiring an additional 455 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Axalta Coating Systems by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock worth $404,000 after purchasing an additional 473 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AXTA shares. Robert W. Baird lifted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Mizuho boosted their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Evercore ISI assumed coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Barclays upped their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems Stock Down 0.4 %

Shares of AXTA stock opened at $40.52 on Thursday. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $41.65. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. The firm has a market cap of $8.84 billion, a PE ratio of 27.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.43. The stock has a 50 day moving average of $37.61 and a 200-day moving average of $35.92.

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