Guyasuta Investment Advisors Inc. Invests $223,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

Guyasuta Investment Advisors Inc. bought a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 6,565 shares of the specialty chemicals company’s stock, valued at approximately $223,000.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Axalta Coating Systems by 9.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,657,696 shares of the specialty chemicals company’s stock worth $125,292,000 after purchasing an additional 382,949 shares during the period. Hawk Ridge Capital Management LP raised its holdings in Axalta Coating Systems by 49.3% during the third quarter. Hawk Ridge Capital Management LP now owns 2,952,198 shares of the specialty chemicals company’s stock valued at $79,414,000 after acquiring an additional 974,973 shares during the period. JPMorgan Chase & Co. raised its holdings in Axalta Coating Systems by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock valued at $362,366,000 after acquiring an additional 1,415,723 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Axalta Coating Systems by 11.5% during the third quarter. The Manufacturers Life Insurance Company now owns 2,644,246 shares of the specialty chemicals company’s stock valued at $71,130,000 after acquiring an additional 272,455 shares during the period. Finally, Prospector Partners LLC raised its holdings in Axalta Coating Systems by 10.2% during the third quarter. Prospector Partners LLC now owns 323,930 shares of the specialty chemicals company’s stock valued at $8,714,000 after acquiring an additional 29,930 shares during the period. 98.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AXTA has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. UBS Group lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. Citigroup boosted their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their target price on Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Wolfe Research began coverage on Axalta Coating Systems in a research report on Friday, March 1st. They set a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.70.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock opened at $31.64 on Tuesday. The company has a 50 day moving average price of $32.67 and a 200-day moving average price of $31.75. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.46 and a current ratio of 1.98. Axalta Coating Systems Ltd. has a fifty-two week low of $25.03 and a fifty-two week high of $34.53. The company has a market capitalization of $6.98 billion, a PE ratio of 26.37, a P/E/G ratio of 1.02 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.38 EPS. The business’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts forecast that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current 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.