Entropy Technologies LP Has $210,000 Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Entropy Technologies LP trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 61.1% in the third quarter, Holdings Channel.com reports. The firm owned 5,804 shares of the specialty chemicals company’s stock after selling 9,121 shares during the quarter. Entropy Technologies LP’s holdings in Axalta Coating Systems were worth $210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Plato Investment Management Ltd bought a new stake in shares of Axalta Coating Systems during the second quarter worth about $30,000. GAMMA Investing LLC grew its holdings in Axalta Coating Systems by 111.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 747 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Axalta Coating Systems in the 3rd quarter valued at approximately $54,000. UMB Bank n.a. raised its stake in shares of Axalta Coating Systems by 90.2% during the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 733 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Axalta Coating Systems during the second quarter worth $71,000. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 0.9 %

NYSE:AXTA opened at $40.29 on Monday. The firm has a fifty day simple moving average of $36.79 and a two-hundred day simple moving average of $35.68. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $40.91. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 0.86 and a beta of 1.43. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on AXTA shares. Robert W. Baird increased their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. BMO Capital Markets raised their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays lifted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Royal Bank of Canada increased their target price on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.45.

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.