Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Position Reduced by Assetmark Inc.

Assetmark Inc. lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 11.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,925 shares of the specialty chemicals company's stock after selling 22,072 shares during the period. Assetmark Inc. owned approximately 0.08% of Axalta Coating Systems worth $5,570,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Axalta Coating Systems by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock worth $225,789,000 after purchasing an additional 82,200 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in 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 buying an additional 1,980,296 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Axalta Coating Systems by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company's stock worth $132,568,000 after buying an additional 93,298 shares in the last quarter. Norges Bank acquired a new stake in shares of Axalta Coating Systems in the 4th quarter worth approximately $87,850,000. Finally, Interval Partners LP boosted its holdings in shares of Axalta Coating Systems by 20.1% in the fourth quarter. Interval Partners LP now owns 2,461,936 shares of the specialty chemicals company's stock valued at $84,247,000 after acquiring an additional 411,886 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AXTA. Morgan Stanley dropped their target price on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. downgraded Axalta Coating Systems from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $42.00 to $32.00 in a research note on Thursday, May 8th. Mizuho decreased their target price on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a research note on Tuesday, July 15th. Wall Street Zen cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Citigroup reissued a "neutral" rating and issued a $34.00 price target (down from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Axalta Coating Systems Trading Down 1.7%

Shares of AXTA stock traded down $0.48 during trading hours on Friday, reaching $27.84. 1,152,512 shares of the stock traded hands, compared to its average volume of 2,369,681. The business has a fifty day moving average price of $30.13 and a 200 day moving average price of $32.69. Axalta Coating Systems Ltd. has a 1-year low of $27.58 and a 1-year high of $41.65. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $6.08 billion, a PE ratio of 13.66, a PEG ratio of 1.37 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%. The company's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

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.