Jupiter Asset Management Ltd. Has $55.45 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Jupiter Asset Management Ltd. grew its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 35.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,620,459 shares of the specialty chemicals company’s stock after acquiring an additional 423,883 shares during the period. Jupiter Asset Management Ltd. owned about 0.74% of Axalta Coating Systems worth $55,452,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock valued at $132,823,000 after acquiring an additional 31,894 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Axalta Coating Systems by 68.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock valued at $1,310,000 after acquiring an additional 14,704 shares during the last quarter. Oak Thistle LLC raised its stake in shares of Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,353,000 after acquiring an additional 32,135 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Axalta Coating Systems by 5.8% during the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock valued at $16,135,000 after acquiring an additional 24,402 shares during the last quarter. Finally, Sasco Capital Inc. CT raised its stake in shares of Axalta Coating Systems by 5.8% during the third quarter. Sasco Capital Inc. CT now owns 501,530 shares of the specialty chemicals company’s stock valued at $18,150,000 after acquiring an additional 27,420 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $34.00 on Wednesday. The company has a fifty day simple moving average of $35.96 and a 200 day simple moving average of $36.69. Axalta Coating Systems Ltd. has a 12-month low of $30.41 and a 12-month high of $41.65. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The company has a market cap of $7.42 billion, a P/E ratio of 19.10, a PEG ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. BMO Capital Markets increased their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. StockNews.com cut shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Evercore ISI initiated coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Insiders Place Their Bets

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

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.