Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Acquired by Interval Partners LP

Interval Partners LP grew its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 20.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,461,936 shares of the specialty chemicals company’s stock after buying an additional 411,886 shares during the period. Axalta Coating Systems comprises 1.7% of Interval Partners LP’s portfolio, making the stock its 10th largest position. Interval Partners LP owned 1.13% of Axalta Coating Systems worth $84,247,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Oak Thistle LLC raised its stake in Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after acquiring an additional 32,135 shares during the period. American Century Companies Inc. raised its position in shares of Axalta Coating Systems by 57.8% during the 4th quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company’s stock worth $12,183,000 after purchasing an additional 130,427 shares during the period. Principal Securities Inc. lifted its holdings in shares of Axalta Coating Systems by 5.5% in the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 332 shares during the last quarter. Barclays PLC boosted its position in Axalta Coating Systems by 50.4% during the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company’s stock valued at $5,589,000 after purchasing an additional 51,748 shares during the period. Finally, Franklin Resources Inc. grew its stake in Axalta Coating Systems by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 138,081 shares of the specialty chemicals company’s stock worth $5,097,000 after buying an additional 53,222 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $31.08 on Friday. The firm has a 50-day moving average of $32.50 and a two-hundred day moving average of $35.55. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 0.92 and a beta of 1.35. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

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 that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AXTA has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $32.00 in a report on Thursday. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. StockNews.com lowered shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley lowered their target price on Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.60.

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.