GSA Capital Partners LLP Cuts Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

GSA Capital Partners LLP decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 41.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,243 shares of the specialty chemicals company’s stock after selling 11,409 shares during the quarter. GSA Capital Partners LLP’s holdings in Axalta Coating Systems were worth $588,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AXTA. Millennium Management LLC increased its holdings in Axalta Coating Systems by 89.7% during the 2nd quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock worth $93,411,000 after purchasing an additional 1,292,434 shares during the period. Interval Partners LP increased its holdings in shares of Axalta Coating Systems by 716.6% in the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock valued at $41,857,000 after acquiring an additional 1,074,961 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Axalta Coating Systems by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock valued at $817,230,000 after acquiring an additional 554,806 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Axalta Coating Systems by 5.6% in the 2nd 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 last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Axalta Coating Systems by 1,424.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock valued at $18,746,000 after acquiring an additional 509,333 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 0.9 %

Axalta Coating Systems stock opened at $39.91 on Tuesday. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $40.91. The stock has a 50 day moving average of $36.90 and a two-hundred day moving average of $35.71. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 0.86 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts expect that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on AXTA. Evercore ISI began coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective on the stock. BMO Capital Markets increased their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada increased their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays upped their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Mizuho upped their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Buy” and an average target price of $42.45.

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.