XTX Topco Ltd Invests $224,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

XTX Topco Ltd purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,543 shares of the specialty chemicals company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Locust Wood Capital Advisers LLC increased its position in Axalta Coating Systems by 63.8% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,198,290 shares of the specialty chemicals company’s stock worth $109,989,000 after purchasing an additional 1,245,223 shares during the period. Vanguard Group Inc. raised its position in Axalta Coating Systems by 2.4% in the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock worth $817,230,000 after acquiring an additional 554,806 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Axalta Coating Systems by 5.6% in the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock valued at $355,479,000 after acquiring an additional 550,970 shares during the period. Westwood Holdings Group Inc. boosted its position in shares of Axalta Coating Systems by 1,424.5% during the 1st quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock worth $18,746,000 after purchasing an additional 509,333 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Axalta Coating Systems by 59.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,329,700 shares of the specialty chemicals company’s stock worth $45,436,000 after purchasing an additional 497,000 shares during the period. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AXTA. JPMorgan Chase & Co. boosted their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Royal Bank of Canada lifted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company raised Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 11th. Robert W. Baird lifted their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, Barclays boosted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Axalta Coating Systems Trading Down 0.4 %

Shares of AXTA stock opened at $37.25 on Monday. Axalta Coating Systems Ltd. has a twelve month low of $25.03 and a twelve month high of $37.78. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 0.85 and a beta of 1.44. The firm has a 50-day moving average price of $35.16 and a 200 day moving average price of $34.56. The company has a current ratio of 2.26, a quick ratio of 1.70 and a debt-to-equity ratio of 1.97.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Research analysts forecast that Axalta Coating Systems Ltd. will post 2.07 earnings per share for the current fiscal year.

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.