D. E. Shaw & Co. Inc. Has $32.91 Million Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

D. E. Shaw & Co. Inc. reduced its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 961,698 shares of the specialty chemicals company's stock after selling 371,843 shares during the period. D. E. Shaw & Co. Inc. owned about 0.44% of Axalta Coating Systems worth $32,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AXTA. Norges Bank acquired a new stake in shares of Axalta Coating Systems during the 4th quarter valued at approximately $87,850,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Axalta Coating Systems by 54.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock valued at $191,190,000 after acquiring an additional 1,980,296 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Axalta Coating Systems during the 4th quarter valued at approximately $56,215,000. Deutsche Bank AG increased its position in Axalta Coating Systems by 144.7% in the fourth quarter. Deutsche Bank AG now owns 1,950,902 shares of the specialty chemicals company's stock worth $66,760,000 after buying an additional 1,153,620 shares during the period. Finally, Victory Capital Management Inc. increased its position in Axalta Coating Systems by 9.6% in the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock worth $387,439,000 after buying an additional 988,397 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

NYSE:AXTA traded down $0.04 during trading hours on Friday, reaching $32.34. The company had a trading volume of 564,576 shares, compared to its average volume of 2,019,476. The stock has a 50-day moving average of $32.33 and a two-hundred day moving average of $35.48. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.66. The firm has a market capitalization of $7.07 billion, a PE ratio of 18.17, a PEG ratio of 0.92 and a beta of 1.35. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74.

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

Analyst Ratings Changes

AXTA has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday. Citigroup decreased their price objective on 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 price target for the company in a report on Thursday, April 10th. Wells Fargo & Company raised their price objective on Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, StockNews.com downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.38.

About Axalta Coating Systems

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.