6,565 Shares in Axalta Coating Systems Ltd. (NYSE:AXTA) Purchased by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. purchased a new position in Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 6,565 shares of the specialty chemicals company’s stock, valued at approximately $223,000.

Several other institutional investors have also modified their holdings of AXTA. Fifth Third Bancorp grew its holdings in shares of Axalta Coating Systems by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 338 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Axalta Coating Systems by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 97,171 shares of the specialty chemicals company’s stock valued at $2,614,000 after purchasing an additional 490 shares during the last quarter. CWM LLC grew its holdings in shares of Axalta Coating Systems by 23.2% during the fourth quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 575 shares during the last quarter. Lmcg Investments LLC grew its holdings in shares of Axalta Coating Systems by 2.3% during the third quarter. Lmcg Investments LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,063,000 after purchasing an additional 870 shares during the last quarter. Finally, Financiere des Professionnels Fonds d investissement inc. grew its holdings in shares of Axalta Coating Systems by 1.1% during the fourth quarter. Financiere des Professionnels Fonds d investissement inc. now owns 80,345 shares of the specialty chemicals company’s stock valued at $2,729,000 after purchasing an additional 890 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 1.3 %

NYSE AXTA opened at $31.64 on Tuesday. Axalta Coating Systems Ltd. has a 1-year low of $25.03 and a 1-year high of $34.53. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $6.98 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The firm’s fifty day simple moving average is $32.67 and its 200-day simple moving average is $31.75.

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 analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. As a group, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AXTA has been the subject of several recent research reports. Wells Fargo & Company upped their target price 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. Citigroup increased their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. UBS Group lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $35.00 to $36.00 in a report on Monday, January 8th. Wolfe Research began coverage on Axalta Coating Systems in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of “Hold” and an average target price of $35.70.

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.