iSAM Funds UK Ltd Buys 2,700 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

iSAM Funds UK Ltd grew its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,130 shares of the specialty chemicals company’s stock after purchasing an additional 2,700 shares during the quarter. iSAM Funds UK Ltd’s holdings in Axalta Coating Systems were worth $347,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Axalta Coating Systems in the fourth quarter worth $87,850,000. Fuller & Thaler Asset Management Inc. increased its position in Axalta Coating Systems by 54.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock worth $191,190,000 after buying an additional 1,980,296 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Axalta Coating Systems in the fourth quarter worth $56,215,000. Deutsche Bank AG increased its position in Axalta Coating Systems by 144.7% in the fourth quarter. Deutsche Bank AG now owns 1,950,902 shares of the specialty chemicals company’s stock worth $66,760,000 after buying an additional 1,153,620 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Axalta Coating Systems by 9.6% in the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock worth $387,439,000 after buying an additional 988,397 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 1.8%

AXTA stock opened at $31.79 on Wednesday. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66. The business’s 50 day moving average price is $32.24 and its two-hundred day moving average price is $35.36. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA) last posted 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. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of several recent research reports. BNP Paribas upgraded Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Thursday, April 10th. The Goldman Sachs Group dropped their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their price objective on Axalta Coating Systems from $37.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Mizuho set a $37.00 price objective on Axalta Coating Systems in a research note on Tuesday, April 15th. Finally, Citigroup dropped their price objective on Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Axalta Coating Systems has an average rating of “Moderate Buy” and an average target price of $40.38.

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.