Polymer Capital Management US LLC Purchases Shares of 173,397 Axalta Coating Systems Ltd. (NYSE:AXTA)

Polymer Capital Management US LLC acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 173,397 shares of the specialty chemicals company’s stock, valued at approximately $5,934,000. Axalta Coating Systems makes up approximately 1.6% of Polymer Capital Management US LLC’s portfolio, making the stock its 11th biggest holding. Polymer Capital Management US LLC owned 0.08% of Axalta Coating Systems at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors increased its stake in Axalta Coating Systems by 12.9% in the 3rd quarter. Captrust Financial Advisors now owns 18,940 shares of the specialty chemicals company’s stock worth $685,000 after purchasing an additional 2,165 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Axalta Coating Systems by 28.4% in the third quarter. Janus Henderson Group PLC now owns 160,458 shares of the specialty chemicals company’s stock worth $5,806,000 after acquiring an additional 35,496 shares in the last quarter. State Street Corp raised its holdings in shares of Axalta Coating Systems by 0.7% during the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock valued at $246,923,000 after acquiring an additional 46,813 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $269,000. Finally, XTX Topco Ltd boosted its stake in Axalta Coating Systems by 326.3% in the 3rd quarter. XTX Topco Ltd now owns 27,895 shares of the specialty chemicals company’s stock worth $1,010,000 after purchasing an additional 21,352 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

AXTA stock opened at $29.73 on Monday. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 0.92 and a beta of 1.33. The firm has a 50 day moving average of $35.41 and a two-hundred day moving average of $36.47. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a 12 month low of $28.95 and a 12 month high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the sale, the insider now directly owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Barclays upped their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Mizuho lowered their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

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.