Regents Gate Capital LLP raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) by 18.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,060 shares of the specialty chemicals company’s stock after buying an additional 30,739 shares during the period. Axalta Coating Systems comprises 2.0% of Regents Gate Capital LLP’s portfolio, making the stock its 21st largest holding. Regents Gate Capital LLP’s holdings in Axalta Coating Systems were worth $5,554,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in AXTA. True Wealth Design LLC grew its position in shares of Axalta Coating Systems by 1,533.6% during the 3rd quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 1,687 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Axalta Coating Systems by 371.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 2,758 shares during the period. State of Wyoming increased its position in Axalta Coating Systems by 28.0% in the third quarter. State of Wyoming now owns 5,360 shares of the specialty chemicals company’s stock worth $153,000 after buying an additional 1,174 shares in the last quarter. Hantz Financial Services Inc. increased its position in Axalta Coating Systems by 1,404.3% in the third quarter. Hantz Financial Services Inc. now owns 7,040 shares of the specialty chemicals company’s stock worth $201,000 after buying an additional 6,572 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in shares of Axalta Coating Systems in the second quarter worth about $216,000. 98.28% of the stock is currently owned by institutional investors.
Axalta Coating Systems Stock Down 0.8%
Shares of AXTA stock opened at $33.35 on Monday. The company’s fifty day simple moving average is $33.44 and its two-hundred day simple moving average is $30.93. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $36.82. The stock has a market cap of $7.12 billion, a P/E ratio of 19.16, a PEG ratio of 1.47 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.06 and a debt-to-equity ratio of 1.33.
Wall Street Analyst Weigh In
AXTA has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on Axalta Coating Systems from $33.00 to $35.00 and gave the company a “sector perform” rating in a research note on Thursday, February 12th. Robert W. Baird set a $37.00 price target on shares of Axalta Coating Systems in a research report on Wednesday, February 11th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. UBS Group restated a “neutral” rating and set a $36.00 target price on shares of Axalta Coating Systems in a research note on Wednesday, February 11th. Finally, Vertical Research lowered Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Axalta Coating Systems has an average rating of “Hold” and an average target price of $36.56.
Read Our Latest Stock Analysis on Axalta Coating Systems
Axalta Coating Systems Profile
Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.
Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.
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