BNP Paribas Financial Markets Lowers Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

BNP Paribas Financial Markets decreased its position 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 Securities & Exchange Commission. The institutional investor owned 134,735 shares of the specialty chemicals company's stock after selling 120,816 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Axalta Coating Systems worth $4,611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Algert Global LLC lifted its stake in shares of Axalta Coating Systems by 19.5% in the fourth quarter. Algert Global LLC now owns 181,153 shares of the specialty chemicals company's stock valued at $6,199,000 after purchasing an additional 29,498 shares during the period. Aristotle Capital Boston LLC acquired a new stake in shares of Axalta Coating Systems in the fourth quarter valued at about $19,000,000. AXA S.A. lifted its stake in shares of Axalta Coating Systems by 21.5% in the fourth quarter. AXA S.A. now owns 207,300 shares of the specialty chemicals company's stock valued at $7,094,000 after purchasing an additional 36,676 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Axalta Coating Systems by 3.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,691 shares of the specialty chemicals company's stock valued at $469,000 after purchasing an additional 431 shares during the period. Finally, Kapitalo Investimentos Ltda lifted its stake in shares of Axalta Coating Systems by 9.8% in the fourth quarter. Kapitalo Investimentos Ltda now owns 8,277 shares of the specialty chemicals company's stock valued at $283,000 after purchasing an additional 740 shares during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Trading Down 0.9%

AXTA traded down $0.29 during trading on Monday, hitting $32.36. The company's stock had a trading volume of 2,272,120 shares, compared to its average volume of 2,025,846. The firm's 50 day moving average price is $32.28 and its 200-day moving average price is $35.38. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The stock has a market cap of $7.07 billion, a PE ratio of 18.18, a PEG ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The company 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%. Axalta Coating Systems's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. On average, analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on AXTA shares. Barclays reduced their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. StockNews.com cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $42.00 to $32.00 in a research report on Thursday, May 8th. Finally, Wells Fargo & Company lifted their target price on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Six investment 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.