Regents Gate Capital LLP Takes Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Regents Gate Capital LLP acquired a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 82,367 shares of the specialty chemicals company’s stock, valued at approximately $2,732,000. Axalta Coating Systems accounts for about 1.2% of Regents Gate Capital LLP’s investment portfolio, making the stock its 29th largest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. increased its holdings in Axalta Coating Systems by 11,757.1% in the 1st quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 823 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Axalta Coating Systems by 105.9% during the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 488 shares during the period. Jones Financial Companies Lllp boosted its position in Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 498 shares during the period. UMB Bank n.a. boosted its position in Axalta Coating Systems by 31.1% in the 1st quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company’s stock valued at $91,000 after buying an additional 651 shares during the period. Finally, Headlands Technologies LLC boosted its position in Axalta Coating Systems by 54.7% in the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company’s stock valued at $112,000 after buying an additional 1,156 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, May 15th. Wells Fargo & Company reduced their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. The Goldman Sachs Group reduced their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, May 14th. JPMorgan Chase & Co. lowered shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $42.00 to $32.00 in a report on Thursday, May 8th. Finally, BNP Paribas upgraded shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Thursday, April 10th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and an average price target of $40.44.

Axalta Coating Systems Trading Up 1.4%

NYSE AXTA opened at $30.62 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.60. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. The firm has a market cap of $6.69 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 0.85 and a beta of 1.25. The company has a 50 day moving average price of $30.99 and a 200 day moving average price of $33.20.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. Axalta Coating Systems’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 EPS. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Axalta Coating Systems Company 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.