Gotham Asset Management LLC Reduces Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Gotham Asset Management LLC cut its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 59.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 46,325 shares of the specialty chemicals company's stock after selling 68,485 shares during the period. Gotham Asset Management LLC's holdings in Axalta Coating Systems were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in 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 valued at $45,000 after buying an additional 498 shares during the period. UMB Bank n.a. boosted its stake 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 valued at $72,000 after buying an additional 547 shares during the period. Plato Investment Management Ltd grew its holdings in Axalta Coating Systems by 156.4% during the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after acquiring an additional 1,365 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Axalta Coating Systems by 31.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after buying an additional 617 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in Axalta Coating Systems by 54.7% during the fourth quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock worth $112,000 after purchasing an additional 1,156 shares during the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock traded down $0.57 on Tuesday, reaching $31.79. 1,792,020 shares of the stock were exchanged, compared to its average volume of 2,024,911. 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 firm has a market capitalization of $6.95 billion, a PE ratio of 17.86, a PEG ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66. The business has a fifty day moving average price of $32.28 and a two-hundred day moving average price of $35.38.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. As a group, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. BNP Paribas upgraded Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Thursday, April 10th. Morgan Stanley decreased their target price on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Wells Fargo & Company lifted their price target on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Barclays decreased their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.38.

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.