Jump Financial LLC Has $891,000 Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Jump Financial LLC grew its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 39.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,047 shares of the specialty chemicals company’s stock after acquiring an additional 7,353 shares during the quarter. Jump Financial LLC’s holdings in Axalta Coating Systems were worth $891,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC raised its position in Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 443 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in 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 valued at $45,000 after buying an additional 498 shares during the last quarter. UMB Bank n.a. boosted its position in Axalta Coating Systems by 35.4% during 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 period. Plato Investment Management Ltd grew its holdings in Axalta Coating Systems by 156.4% during the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock worth $77,000 after acquiring an additional 1,365 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Axalta Coating Systems by 31.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock worth $88,000 after acquiring an additional 617 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares of the company’s stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $30.93 on Tuesday. The business has a 50-day simple moving average of $33.72 and a 200 day simple moving average of $35.96. 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 $6.75 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 0.92 and a beta of 1.33.

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

Analysts Set New Price Targets

AXTA has been the topic of a number of recent research reports. Citigroup cut their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Mizuho set a $37.00 price objective on Axalta Coating Systems in a research report on Tuesday, April 15th. BNP Paribas upgraded Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company decreased their target price on shares of Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.36.

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.