Ameritas Investment Company LLC Invests $181,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

Ameritas Investment Company LLC purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,125 shares of the specialty chemicals company’s stock, valued at approximately $181,000.

Several other institutional investors have also recently modified their holdings of the company. Point72 Hong Kong Ltd lifted its holdings in shares of Axalta Coating Systems by 25,331.6% during the 1st quarter. Point72 Hong Kong Ltd now owns 53,152 shares of the specialty chemicals company’s stock worth $1,572,000 after acquiring an additional 52,943 shares during the period. AQR Capital Management LLC increased its position in Axalta Coating Systems by 50.1% during the 1st quarter. AQR Capital Management LLC now owns 359,204 shares of the specialty chemicals company’s stock worth $10,625,000 after purchasing an additional 119,937 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Axalta Coating Systems by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 172,945 shares of the specialty chemicals company’s stock worth $5,116,000 after purchasing an additional 1,373 shares in the last quarter. Davide Leone & Partners Investment Co Ltd. acquired a new position in Axalta Coating Systems during the 1st quarter worth approximately $953,000. Finally, Captrust Financial Advisors increased its position in Axalta Coating Systems by 42.7% during the 1st quarter. Captrust Financial Advisors now owns 4,717 shares of the specialty chemicals company’s stock worth $140,000 after purchasing an additional 1,412 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

NYSE:AXTA opened at $28.51 on Thursday. The company has a fifty day moving average price of $31.12. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.94 and a current ratio of 2.43. Axalta Coating Systems Ltd. has a 52 week low of $20.25 and a 52 week high of $34.20. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 79.19, a P/E/G ratio of 0.61 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Sunday, April 25th. The specialty chemicals company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.08. Axalta Coating Systems had a net margin of 2.22% and a return on equity of 25.94%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities analysts expect that Axalta Coating Systems Ltd. will post 2.05 EPS for the current year.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 15th. Susquehanna upgraded shares of Axalta Coating Systems from a “neutral” rating to a “positive” rating and set a $41.00 price objective for the company in a research report on Monday, April 26th. Wells Fargo & Company upped their price objective on shares of Axalta Coating Systems from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 28th. Susquehanna Bancshares upgraded shares of Axalta Coating Systems to a “positive” rating and set a $41.00 price target for the company in a research report on Monday, April 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Axalta Coating Systems from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Thursday, July 8th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $35.56.

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. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Featured Article: Treasury Bonds

Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd. (NYSE:AXTA).

Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.