BNP Paribas Financial Markets Sells 120,816 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

BNP Paribas Financial Markets decreased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 47.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 134,735 shares of the specialty chemicals company's stock after selling 120,816 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of Axalta Coating Systems worth $4,611,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AXTA. Barclays PLC grew its position in Axalta Coating Systems by 50.4% in the third quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock worth $5,589,000 after buying an additional 51,748 shares during the last quarter. Franklin Resources Inc. boosted its stake in Axalta Coating Systems by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 138,081 shares of the specialty chemicals company's stock worth $5,097,000 after purchasing an additional 53,222 shares during the period. Eagle Bay Advisors LLC boosted its stake in Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 443 shares during the period. Oak Thistle LLC boosted its stake in Axalta Coating Systems by 434.3% in the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock worth $1,353,000 after purchasing an additional 32,135 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Axalta Coating Systems by 13.3% in the 4th quarter. Park Avenue Securities LLC now owns 22,872 shares of the specialty chemicals company's stock worth $783,000 after purchasing an additional 2,676 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Up 0.8%

Shares of AXTA stock traded up $0.27 on Friday, hitting $32.65. The company's stock had a trading volume of 2,077,117 shares, compared to its average volume of 2,024,434. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66. The firm's fifty day moving average price is $32.31 and its 200-day moving average price is $35.46. The stock has a market capitalization of $7.14 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.48 EPS. Axalta Coating Systems's quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on AXTA shares. Morgan Stanley decreased their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Wolfe Research raised shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a research note on Friday, January 17th. Citigroup decreased their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $42.00 to $32.00 in a research note on Thursday, May 8th. Finally, Wells Fargo & Company raised their price objective on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.

Axalta Coating Systems Company 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.