FIFTHDELTA Ltd boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) by 583.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,435,668 shares of the specialty chemicals company's stock after acquiring an additional 5,494,317 shares during the period. Axalta Coating Systems accounts for approximately 16.1% of FIFTHDELTA Ltd's portfolio, making the stock its biggest position. FIFTHDELTA Ltd's holdings in Axalta Coating Systems were worth $158,189,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of AXTA. Pzena Investment Management LLC purchased a new stake in Axalta Coating Systems during the 1st quarter worth about $78,617,000. Millennium Management LLC boosted its position in shares of Axalta Coating Systems by 22,098.7% during the 4th quarter. Millennium Management LLC now owns 1,824,068 shares of the specialty chemicals company's stock worth $60,413,000 after acquiring an additional 1,815,851 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Axalta Coating Systems by 10.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 16,587,963 shares of the specialty chemicals company's stock worth $407,731,000 after acquiring an additional 1,589,343 shares in the last quarter. Ariel Investments LLC boosted its position in shares of Axalta Coating Systems by 23.8% during the 1st quarter. Ariel Investments LLC now owns 7,398,739 shares of the specialty chemicals company's stock worth $181,861,000 after acquiring an additional 1,420,653 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its position in shares of Axalta Coating Systems by 12.8% during the 1st quarter. Shapiro Capital Management LLC now owns 9,477,301 shares of the specialty chemicals company's stock worth $232,952,000 after acquiring an additional 1,074,872 shares in the last quarter.
Get Axalta Coating Systems alerts:Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on AXTA. Wells Fargo & Company upped their price objective on Axalta Coating Systems from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 28th. StockNews.com cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Friday, July 8th. Mizuho lowered their price objective on Axalta Coating Systems from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, July 14th. Barclays lowered their price objective on Axalta Coating Systems from $34.00 to $31.00 and set an "overweight" rating for the company in a research report on Monday, July 11th. Finally, UBS Group decreased their target price on Axalta Coating Systems from $33.00 to $30.00 in a research report on Wednesday, July 13th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $29.50.
Axalta Coating Systems Stock Up 2.6 %
Axalta Coating Systems stock opened at $26.71 on Tuesday. Axalta Coating Systems Ltd. has a twelve month low of $21.44 and a twelve month high of $34.12. The stock has a 50 day moving average of $25.02 and a two-hundred day moving average of $25.09. The company has a current ratio of 1.93, a quick ratio of 1.33 and a debt-to-equity ratio of 2.70. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 1.42 and a beta of 1.32.Axalta Coating Systems (NYSE:AXTA – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The specialty chemicals company reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. Axalta Coating Systems had a return on equity of 21.80% and a net margin of 4.49%. The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the firm earned $0.48 EPS. As a group, research analysts expect that Axalta Coating Systems Ltd. will post 1.63 earnings per share for the current year.
Axalta Coating Systems Profile
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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. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
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