Nebula Research & Development LLC Takes $1.06 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Nebula Research & Development LLC purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 30,842 shares of the specialty chemicals company’s stock, valued at approximately $1,055,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in Axalta Coating Systems by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock worth $387,439,000 after acquiring an additional 988,397 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Axalta Coating Systems by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company’s stock worth $386,032,000 after purchasing an additional 50,520 shares during the last quarter. Wellington Management Group LLP increased its holdings in Axalta Coating Systems by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company’s stock valued at $225,789,000 after purchasing an additional 82,200 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in Axalta Coating Systems by 54.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock worth $191,190,000 after purchasing an additional 1,980,296 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Axalta Coating Systems by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company’s stock worth $132,568,000 after buying an additional 93,298 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $31.82 on Friday. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The business’s fifty day moving average is $33.28 and its 200 day moving average is $35.83. Axalta Coating Systems Ltd. has a 12-month low of $27.70 and a 12-month high of $41.66. The stock has a market cap of $6.94 billion, a P/E ratio of 17.88, a P/E/G ratio of 0.92 and a beta of 1.33.

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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AXTA shares. Mizuho set a $37.00 price objective on Axalta Coating Systems in a research report on Tuesday, April 15th. StockNews.com downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Barclays increased their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. BNP Paribas raised shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Thursday, April 10th. Finally, Wells Fargo & Company decreased their price target on Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.36.

Insider Transactions at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

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.