Olympiad Research LP Purchases Shares of 6,210 Axalta Coating Systems Ltd. (NYSE:AXTA)

Olympiad Research LP purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, Holdings Channel reports. The firm purchased 6,210 shares of the specialty chemicals company’s stock, valued at approximately $213,000.

Several other large investors also recently made changes to their positions in AXTA. PointState Capital LP acquired a new stake in shares of Axalta Coating Systems in the third quarter valued at approximately $30,257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Axalta Coating Systems by 151.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 633,017 shares of the specialty chemicals company’s stock valued at $22,909,000 after acquiring an additional 381,488 shares in the last quarter. Atom Investors LP boosted its holdings in shares of Axalta Coating Systems by 198.6% in the third quarter. Atom Investors LP now owns 380,616 shares of the specialty chemicals company’s stock valued at $13,774,000 after acquiring an additional 253,142 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Axalta Coating Systems by 55.6% in the third quarter. Verition Fund Management LLC now owns 621,376 shares of the specialty chemicals company’s stock valued at $22,488,000 after acquiring an additional 221,943 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Axalta Coating Systems by 11.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company’s stock valued at $72,078,000 after acquiring an additional 205,085 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the 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 $2,814,180.85. This represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by insiders.

Axalta Coating Systems Stock Down 3.0 %

Shares of NYSE:AXTA opened at $36.02 on Monday. 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 cap of $7.86 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. Axalta Coating Systems Ltd. has a 52 week low of $30.41 and a 52 week high of $41.65. The firm has a 50 day simple moving average of $35.84 and a 200 day simple moving average of $36.61.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. As a group, research analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXTA. Royal Bank of Canada increased their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Evercore ISI began coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective for the company. Barclays increased their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Citigroup cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Finally, StockNews.com cut shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of “Moderate Buy” and an average price target of $43.08.

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.