Polar Asset Management Partners Inc. Purchases 20,738 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Polar Asset Management Partners Inc. increased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 24.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,938 shares of the specialty chemicals company’s stock after acquiring an additional 20,738 shares during the period. Polar Asset Management Partners Inc.’s holdings in Axalta Coating Systems were worth $3,557,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXTA. Jones Financial Companies Lllp increased its holdings in shares of 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 worth $45,000 after buying an additional 498 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 547 shares during the last quarter. Plato Investment Management Ltd increased its holdings in shares of Axalta Coating Systems by 156.4% in the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock worth $77,000 after buying an additional 1,365 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 617 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of 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 worth $112,000 after buying an additional 1,156 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Citigroup decreased their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Friday, January 17th. Finally, Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a report on Tuesday, April 15th. Six investment 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

Axalta Coating Systems Trading Down 1.5%

Shares of AXTA opened at $32.36 on Friday. The stock has a market capitalization of $7.07 billion, a P/E ratio of 18.18, a PEG ratio of 0.92 and a beta of 1.35. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The firm has a fifty day simple moving average of $32.33 and a two-hundred day simple moving average of $35.48. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm’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 company posted $0.48 EPS. On average, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current 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.