WINTON GROUP Ltd acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund acquired 40,443 shares of the specialty chemicals company’s stock, valued at approximately $1,307,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of AXTA. Parallel Advisors LLC increased its position in Axalta Coating Systems by 71.1% during the fourth quarter. Parallel Advisors LLC now owns 3,202 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 1,331 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Axalta Coating Systems in the fourth quarter valued at $240,000. CIBC Asset Management Inc acquired a new stake in shares of Axalta Coating Systems during the fourth quarter valued at $223,000. Natixis Advisors LLC boosted its stake in shares of Axalta Coating Systems by 19.1% during the fourth quarter. Natixis Advisors LLC now owns 319,386 shares of the specialty chemicals company’s stock valued at $10,319,000 after acquiring an additional 51,187 shares during the last quarter. Finally, Rothschild Wealth LLC purchased a new stake in Axalta Coating Systems during the 4th quarter worth about $256,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.
Axalta Coating Systems Stock Performance
NYSE AXTA opened at $31.90 on Tuesday. The business’s 50-day moving average price is $28.82 and its 200 day moving average price is $30.59. The company has a current ratio of 2.10, a quick ratio of 1.53 and a debt-to-equity ratio of 1.27. Axalta Coating Systems Ltd. has a twelve month low of $24.94 and a twelve month high of $35.72. The company has a market capitalization of $6.83 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.68 and a beta of 1.25.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. BMO Capital Markets restated a “market perform” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a report on Wednesday, February 11th. The Goldman Sachs Group set a $36.00 price target on shares of Axalta Coating Systems in a report on Friday, May 1st. Mizuho cut their price objective on shares of Axalta Coating Systems from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Robert W. Baird set a $37.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus price target of $34.31.
Check Out Our Latest Analysis on Axalta Coating Systems
About Axalta Coating Systems
Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.
Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.
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